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Lexi industries leases equipment on January 1,2016. The finance lease has an 11 year term and an implicit rate of 6%. The equipment has a

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Lexi industries leases equipment on January 1,2016. The finance lease has an 11 year term and an implicit rate of 6%. The equipment has a list price of $300,000 and the lease agreement requires a $20,000 down payment on January 1,2016 and 10 annual payments to $36,261 on December 31 of each year. After Lexi industries makes their payment on December 31,2018 what is the remaining lease obligation (carrying value) for the equipment

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