On 1/31/Y5, Zeus Company leased a new machine from Thor Corp. The following data relate to the lease transaction at its inception: Lease term 5 years Annual rental payable at beginning of each lease year $30,000 Useful life of machine 10 years Implicit interest rate 8% Present value of an annuity of 1 in advance for 5 periods at 8% 4.3121 Present value of annuity of 1 in arrears for 5 periods at 8% 3.9927 Fair value of the machine $200,000 The lease has no renewal option, the possession of the machine reverts to Thor when the lease terminates, and the machine does have alternative uses. The first lease payment of $30,000 is paid at the inception of the lease. What is the amount of lease liability recorded by Zeus at the inception of the lease?