Grygiel Company leases a nonspecialized machine with a fair value of $$50,000$ to Baker Company. The lease has a life of $6$ years and requires a $$7,500$ payment at the end of each year. The lease does not include a transfer of ownership or a bargain purchase option, and the life of the lease is less than a major part of the expected economic life of the machine. It is probable that Grygiel will collect the lease payments plus any amount necessary to satisfy a residual value guarantee. Round intermediate and final answers to the nearest dollar.