On December 31, 2020, Cooke Company leased a machine under a finance lease (with no bargain purchase or guaranteed residual provision) for a period of ten years, with payments of $48,000 at the beginning of each year, starting on December 31, 2020. The implicit interest rate (yield) of the lease is 4 percent (this is known by Cooke). At December 31, 2021, after recording the second payment, Cooke's total finance lease liability is $356,896. $404,896. $340,015. $323,172