On January 1, 2021, Packard Corporation leased equipment to Hewlitt Company. The lease term is 11 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 $2,888,340. The present value of the lease payments is $2,917,515. The lease is appropriately classiffed as a sales-type lease. Assuming the interest rate for this lease is 13%, what will be the balance reported as a llability by Hewlitt in the December 31,2022 , balance sheet? (Round your final answer to nearest dollar.) Nultiple Choice $2,178,642 $1,928,642 $2,463,515. $2,329,772