Carla Vista Compary, a machinery dealer, leased a machine to Sandhill Corporation on January 1,2025. The lease is for an 8 -year period and requires equal annual payments of $27,300 at the beginning of each year. The first payment is received on January 1,2025 . Carla Vista had purchased the machine during 2024 for $170.000. Collectibility of lease payments by Carla Vista is probable. Carla Vista set the annual rental to ensure a 5% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Carla Vista at the termination of the lease. Assume that Sandhill Corporation does not know the rate implicit in the lease used by Carla Vista, and Sandhill's incremental borrowing rate is 7%. In ifdition, assume that Sandhill incurs initial direct costs of $16,000. Click here to view factor tables: (a) F Your answer is incorrect. Compute the amount of the lease liability and right-of-use asset for Sandhill. (For calculation purposes, use 5 decimal places as displayed in the foctor table provided and round final answers to 0 decimal places es. 5, 275.) Lease liability $ Right-of-use asset $