Help Save & Exit Logi sells large-screen monitors. Logi leases monitors to AdScreens on January 1, 2021. The cost of manufacturing the monitors was $21 million. This noncancelable lease had the following terms: Lease payments: $3,083,442 semiannually; first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025. Lease term: 5 years (10 semiannual payments). No residual value; no purchase option. Economic life of equipment: 5 years. Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually. Fair value of the monitors at January 1, 2021: $25 million. What is the outstanding balance of the lease liability in AdScreens's June 30, 2021, balance sheet? (Round your answer to the nearest whole dollar)