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Lithium corporation sales computer systems lithium leases computers to Evergreen Company on January 1 , 2 0 1 9 the manufacturing cost of the computers

Lithium corporation sales computer systems lithium leases computers to Evergreen Company on January 1,2019 the manufacturing cost of the computers was 12 million this noncancelable lease had the following terms lease payments of $2,466,754 semi annually first payment at January 1,2019 remaining payments at June 30 and December 31 each year through June 30,2023 lease term is five years with a 10 years semi annual payment no risk residual value no purchase option economic life equipment is five years implicit interest rate and instrumental borrowing rate is 5% semi annually fair value of computers at January 1 of 2019 is 20 million what's the outstanding balance of the lease liability in evergreens June 30,2019 balance sheet round your answer to the nearest dollar

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