On January 1, 2021, Packard Corporation lessed equipment to Hewitt Company. The lease term is 9 years. The first payment of $458,000 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 $2,529,279. The present value of the lease payments is $2,655,837. The case is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 13%, what will be the balance reported as a liability by Hewllt in the December 31, 2022, balance sheet? (Round your final answer to nearest dollar.) Multiple Choice $2.197,837 $1830.878 $2,025.556 $1,560,878