Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $153,000 due on December 31 of each year beginning December 31, 2021. The present value of the lease payments is $1,070,273. Francisco's incremental borrowing rate is 11% for this type of lease. The implicit rate of 9% is known by the lessee. What should be the balance in Francisco lease liability at December 31, 2022? Multiple Choice $846,328. (0) $917,273. O $846,828 $853,338. O