On December 31, 2021, Cullumber, Inc. leased machinery with a fair value of $1025000 from Cey Rentals Co. The agreement is a 6- year noncancelable lease requiring annual payments of $190000 beginning December 31, 2021. The lease is appropriately accounted for by Cullumber as a finance lease. Cullumber's incremental borrowing rate is 11%. Cullumber knows the interest rate implicit in the lease payments is 10%. The present value of an annuity due of 1 for 6 years at 10% is 4.7908. The present value of an annuity due of 1 for 6 years at 11% is 4.69590. In its December 31, 2021 balance sheet, Cullumber should report a lease liability of O $720252 O $892221. O $835000. O $910252