Jones Company signed a lease on August 3, 2019 to lease equipment from Clark, Inc. The lease calls for payments of $16,000 each year starting on August 3, 2019. Jones has the option to purchase the equipment at the end of the seven-year lease term for $28,000. It is reasonably certain that Jones will exercise this option, as the expected fair value of the equipment at that time is $53,000. Clark's implicit rate of return for this lease is 6%. At what amount would Jones record the right-of-use asset on August 3, 2019?