"I don't see that in my intermediate accounting text I saved from college," you grumble to a colleague in the accounting division of Dowell Chemical Corporation. "This will take some research." Your comments pertain to the appropriate accounting treatment of a proposed sublease of warehouses Dowell has used for product storage.

Dowell leased the warehouses on December $31,2024.$ The five$-$year lease agreement called for Dowell to make quarterly lease payments of $$1,837,909,$ payable each December $31,$ March $31,$ June $30,$ and September $30,$ with the first payment at the lease's beginning. As a finance lease, Dowell had recorded the right$-$of$-$use asset and liability at $$30$ million, the present value of the lease payments at $9\%.$ Dowell records amortization on a straight$-$line basis at the end of each fiscal year.

Today, Dowell's controller, explained a proposal to sublease the underused warehouses to American Tankers, Incorporated, for the remaining four years of the lease term. American Tankers would be substituted as lessee under the original lease agreement. As the new lessee, it would become the primary obligor under the agreement, and Dowell would not be secondarily liable for fulfilling the obligations under the lease agreement. "Check on how we would need to account for this and get back to me$,"$ the controller had said.

Required:

On December $31,2025,$ what is the balance in Dowell's lease liability?

On December $31,2025,$ what is the carrying amount $($after accumulated amortization$)$ of Dowell's leased warehouses?