N Corp. entered into a nine-year finance lease on a warehouse on December 31, 2018. Lease payments of $27,000, which includes maintenance services of $1,600, are due annually, beginning on December 31, 2019, and every December 31 thereafter. N Corp. does not know the interest rate implicit in the lease; N's incremental borrowing rate is 14%. The rounded present value of an ordinary annuity for nine years at 14% is 5. What amount should N report as recorded lease liability at December 31, 2018?