On December 31, 2024, Sunland Company leased machinery from Carla Vista Corporation for an agreed-upon lease term of 3 years. Sunland agreed to make annual lease payments of $19,000, beginning on December 31,2024 . The expected residual value of the machinery at the end of the lease term is $10,000. (a) What amount will Sunland record as its lease liability on December 31, 2024, if its incremental borrowing rate is 10% and the implicit rate of the lease is unknown? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.s. 5.275.) Click here to view factor tables. Lease liability eTextbook and Media Attempts: 0 of 3 used (b) The parts of this questign must be completed in order. This part will be available when you complete the part above