intermediate accounting

On December 31, Vear 1, Strickand Corp. signed a 7 -year finance lease for an airplane. The aiplane s fair walue was $841,500, which is the present value of the lease payments to be used to account for this finance lease. Strickfand then made the first annual lease pyyment of 5153,000 on December 31 , Year 1. What amount should Strickiand report as finance lease bability in as December 31 , Vear. 1 balance sheet? Select one: a 3841,500 b. 5780,300 c. 368500 d. 5627,300