Francisco leased equipment from Julio on December 31, 2018. The lease is a 10-year lease with annual payments of $158,000 due on December 31 of each year beginning Decermber 31, 2018. The present value of the lease payments is $ 50,00 Francisco's incremental borrow ing rate is 2% or his t e o ease. Then plicit rate of S known by the lessee. What should be the balance in Francisco lease liability at December 31, 2019? Multiple Cholce $932.700. $939,710 $992,000 $933,200