Manufacturers Southern leased high$-$tech electronic equipment from International Machines on January $1,2021.$ International Machines manufactured the equipment at a cost of $$101,000.$ Manufacturers Southern's fiscal year ends December $31.($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

$\backslash$table$[[,],[$Related Information:,$],[$Lease term,$2$ years $(8$ quarterly periods$)],[$Quarterly rental payments,$$18,000$ at the beginning of each period$],[$Economic life of asset,$2$ years$],[$Fair value of asset,$$132,289$