On 1-1-2021, Landis Company (lessor) leased some equipment to the Nelson Company (lessee). It was a 10-year noncancelable lease requiring Nelson to pay Landis $100,000 every 12-31 during the lease period. The equipment has an estimated economic life of 10 years with no expected residual value (.e., $0) at the end of that time i.e., 12-31-2030). Landis sets the lease payments so as to earn a 8% annual rate of return; Nelson is aware of this rate. This is a finance lease for Nelson Company (lessee). Related to the lease what will be the liability (i.e., current and noncurrent), i.e., lease payable, reported on the 12-31-2022 balance sheet of Nelson Company (lessee)