How to find the Outstanding balance with this information, and which number should be use as the cash for the ammoritization table.

Katepillar Corporation leased 20 drills to Akson under a four-year noncancelable lease on nuary 1, 2022. Information concerning the lease and the equipment follows: a. Equal annual lease payments of $300,000 are due on January 1,2022, and thereafter on December 31 each year. The first payment was made January 1, 2022. Interstate's implicit interest rate is 10% and known by Akson. b. Akson has the option to purchase all of the drills at the end of the lease for a total of $290,000. The drills' estimated residual value is $300,000 at the end of the lease term and $50,000 at the end of 7 years, the estimated life of each van. c. Akson estimates the fair value of the equipments to be $1,240,000. Katepillar's cost was $1,050,000 d. Akson's incremental borrowing rate is 11%. e. The collectibility of the lease payments is reasonably predictable, and there are no important cost uncertainties. Katepillar Corporation leased 20 drills to Akson under a four-year noncancelable lease on nuary 1, 2022. Information concerning the lease and the equipment follows: a. Equal annual lease payments of $300,000 are due on January 1,2022, and thereafter on December 31 each year. The first payment was made January 1, 2022. Interstate's implicit interest rate is 10% and known by Akson. b. Akson has the option to purchase all of the drills at the end of the lease for a total of $290,000. The drills' estimated residual value is $300,000 at the end of the lease term and $50,000 at the end of 7 years, the estimated life of each van. c. Akson estimates the fair value of the equipments to be $1,240,000. Katepillar's cost was $1,050,000 d. Akson's incremental borrowing rate is 11%. e. The collectibility of the lease payments is reasonably predictable, and there are no important cost uncertainties