On 1 July 20X5, Bow Ltd leased equipment to Tie Ltd. The terms of the contract are as follows:

Lease term	10 years
Economic life of the equipment	13 years
Annual lease payment, in arrears (commencing 30 June 20X6)	$2,500
Fair value of the equipment at 1 July 20X5	$19,517
Residual value at end of lease (not guaranteed)	$2,000
Residual value at end of economic life	nil
Interest rate implicit in lease	6%
PV factor of $1 at end of one year	0.9434
PV factor for annuity of $1 per year for 10 years (6%)	7.3601
PV factor of annuity of $1 per year for 13 years (6%)	8.8527
PV factor of $1 at end of 10 years (6%)	0.5584

The lease is non-cancellable, and at the end of the lease the equipment will be returned to Bow (lessor). The lease has been classified as a finance lease by Bow.

What is the reported amount of the current liability (rounded to the nearest whole dollar) in the balance sheet of the lessee at the end of 30 June 20X7 in accordance with the requirements of AASB 16 Leases?

Group of answer choices

$1,480

$1,569

$13,956

$15,524