Koffman and Sons signed a four-year lease for a forklift on January 1, 2017. Annual lease payments of $1,349, based on an interest rate of 12%, are to be made every December 31, beginning with December 31, 2017. d. At what amount would the lease obligation be presented on the balance sheet as of December 31, 2017? Round answers to the nearest whole dollar.

Current liability portion?

Long-term liability portion?