East Company leased a new machine from North Company on May 1, 20X1, under a lease with the following information: East has the option to purchase the machine on May 1, 20Y1, by paying $50,000, which approximates the expected fair value of the machine on the option exercise date. Use tables (PV of 1, PVAD of 1, and PVOA of 1) (Use the appropriate factor(s) from the tables provided.) Required: What is the amount of the right-of-use finance lease asset on May 1, 20X1? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Answer is complete but not entirely correct