Novak Corporation entered into a finance lease to lease equipment from Highlander, Inc. on January 1, 2020. The lease calls for annual lease payments of $15,000, beginning on December 31, 2020 for each of the 5 years of the lease. In addition, Highlander, Inc. will pay Novak Corporation $4,000 as a cash incentive for entering the lease by January 1, 2020. In relation to the lease agreement, Novak incurred the following costs.

Commissions for selling agents $600

Internal engineering costs 500

Legal fees resulting from the execution of the lease 2,800

If the value of the lease liability is $68,189, what amount will Novak record as the value of the right-of-use asset on January 1, 2020, at commencement of the lease?

Value of the right-of-use asset $