Elton Electronics leases testing equipment to Startup Corporation. The equipment is not specialized and is delivered on January $1,2023.$ The fair value of the equipment is $$118,000.$ The cost of the equipment to Elton is $$113,000$ and the expected life of the testing equipment is $8$ years. Elton incurs initial direct costs of $$10,000,$ which they elect to expense. The lease term for the equipment is $8$ years, with the first payment due upon delivery, and seven subsequent annual payments beginning on December $31,2023$ and ending on December $31,2029.$ Elton's implicit rate is $5\%$ and they expect that collection of the $$14,500$ lease payments is probable.

What is the principal balance in the Net Investment in Lease $$ Sale Type account after the second payment on December $31,2023?$

Group of answer choices

$$83,902$

$$98,402$

$$113,000$

$$73,597$