Indigo Corporation entered into an operating lease to lease equipment from Highlander, Inc, on January 1, 2020. The lease calls for annual lease payments of $8,000, beginning on December 31, for each of the 5 years of the lease. In addition, Highlander, Inc. will pay Indigo Corporation $2,100 as a cash incentive for entering the lease by December 31. In relation to the lease agreement, Indigo incurred the following costs. Commissions for selling agents $600 Internal engineering costs 500 Legal fees resulting from the execution of the lease 2,800 Indigo's incremental borrowing rate is 8%. If the value of the lease liability is $34,497, what amount will Indigo record as the value of the right-of-use asset on January 1, 2020, at commencement of the operating lease? Value of the right-of-use asset $