On Jan 1, 2020, Jolene Co. entered into a lease agreement with Right Co. to lease a vehicle from them. Both companies follow ASPE. The agreement contains the proceeding information: 1. The lease has a term of 3 years with no renewal option. 2. The lease requirements annual payments of $271,622 which are due on Dec 31 of each year. 3. The FV (fair value) of the vehicle, on Jan 1, 2020, is $700,000. The machine reverts to the lessor upon the termination of the lease. 4. The vehicle has a remaining economic life of ten years and has no estimated residual value 5. Jolene Co. uses the straight-line method of depreciation to depreciate their vehicles.6. Jolene Co.'s incremental borrowing rate is 10%. Jolene Co. doesn't have knowledge Right Co's 8% implicit rate. If Right Co. records this lease as a finance (capital) lease, what amount would be recorded as Lease Receivable at the inception of the lease?

$700,000

$271,622

$814,866

$675,483