Ira Bates Corp. entered into a 9-year finance lease on a warehouse on December 31, 2021. Lease payments of $26,500, which includes maintenance service of $1,400, are due annually, beginning on December 31, 2022, and every December 31 thereafter. The interest rate implicit in the lease is 6%. The rounded present value of an ordinary annuity for nine years at 6% is 6.80. What amount should Bates record as the lease payable at December 31, 20212 Multiple Choice $180.200 $238,500 $170.680 $225,900