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On January 1, 2021. Packard Corporation leased equipment to Hewitt Company. The lease term is 9 years. The first payment of $454.000 was made on

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On January 1, 2021. Packard Corporation leased equipment to Hewitt Company. The lease term is 9 years. The first payment of $454.000 was made on January 1, 2021 Remaining payments are made on December 31 each year, beginning with December 31, 2021. The equipment cost Packard Corporation $2,937140. The present value of the lease payments is $2.966,808. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 9%, what will be the balance reported as a liability by Hewitt in the December 31 2022, balance sheet? (Round your final answer to nearest dollar) ho Multiple Choice 52 284 951 52.035.607 52.512.08 50756.602

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