On January $1,2018,$ Dell Corporation leased equipment to HP Company. The lease term is eight years. The first payment of $$450,000$ was made on January $1,2018.$

Remaining payments are made on December $31$ each year beginning with December $31,2018.$ The equipment cost Dell Corporation $$2,400,000.$ The present value of the lease payments is $$2,640,000.$ The lease is appropriately classified as a sales$-$type lease. Assuming the interest rate for this lease is $10\%,$ what will be the balance reported as a liability by HP in the December $31,2019$ balance sheet?

A$.$ $$1,704,900$

B$.$ $$1,950,000$

C$.$ $$1,509,000$

D$.$ $$1,959,000$