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 $1.034,131. Francisco's Incremental borrowing rate is 12% for this type of lease. The Implicit rate of 10% is known by the lessee. What should be the balance in Francisco lease liability at December 31, 2022? Multiple Choice $812,744 $816,244 $822,754. $881,131