On December 31, 2020, Reagan Inc. signed a lease with Silver Leasing Co. for some equipment having a seven-year useful life. The $90,000 lease payments are made by Reagan annually, beginning at the signing date, with an initial lease liability of $519,115. Title does not transfer to the lessee, so the equipment will be returned to the lessor on December 31, 2026. There is no purchase option; but Reagan guarantees the residual value at $36,000 in excess of the expected residual value of the equipment. The implicit rate of interest in the lease is 4%. What is the balance of the lease liability on Reagan's balance sheet right after the second lease payment is made? Select one: O A. $169,230. B. $234,384. O C. $322,084. D. 356,280