On December 31, 2021, Sheridan Corporation leased a plane from Bell Company for an 7-year period expiring December 31, 2028 Equal annual payments of $455000 are due on December 31 of each year, beginning with December 31, 2021. The lease is properly classified as a finance lease on Sheridan's books. The present value at December 31, 2021 of the 8 lease payments over the lease term discounted at 10% is $2670131. Assuming the first payment is made on time, the amount that should be reported by Sheridan Corporation as the lease liability on its December 31, 2021 balance sheet is O $2215131 O $2482144 O $2436644 O $2670131 Save for Later Attempts: 0 of 1 used Submit