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Finance Leases Forecast Assumptions Net Annual Additions (% of COS) 20.0% Interest Rate on Leases 2.0% Lease Term (New Leases) 5.0 years Weighted-Average Remaining Lease

Finance Leases Forecast Assumptions
Net Annual Additions (% of COS) 20.0%
Interest Rate on Leases 2.0%
Lease Term (New Leases) 5.0 years
Weighted-Average Remaining Lease Term (Existing Leases) 4.5 years
10-K Disclosure Summary
2020
ROU Asset
Beginning Balance $1,050,000
Net Additions $50,000
Total Depreciation Expense $520,000
Lease Liability
Beginning Balance $1,000,000
Ending Balance $975,000

Given the provided forecast assumptions and 10-K summary, what are the total principal repayments on the finance lease liability expected to be for fiscal 2022?

$259,561

$15,403

$28,714

$244,394

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