nd Time: 05:26 PM / Remaining: 262 min. CALCULATOR 4 NEXT ES Question 2 On December 31, 2021, Oriole Corporation leased a ship from Fort Company for an eight-year period expiring December 30, 2029. Equal annual payments of $460000 are due on December 31 of each year, beginning with December 31, 2021. The lease is properly classified as a finance lease on Oriole's books. The present value at December 31, 2021 of the eight lease payments over the lease term discounted at 11% is $2627612. Assuming all payments are made on time, the amount that should be reported by Oriole Corporation as the total liability for finance leases on its December 31, 2022 balance sheet is $1946049. $2627612 $2760000. $2167612 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBMIT