On January 1, 2021. Packard Corporation leased equipment to Hewlitt 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 Hewlitt in the December 31, 2022, balance sheet? (Round your final answer to nearest dollar.) Multiple Choice $2.284.961 ho S2036 607 $2.512.808 $1,765,507