On January 1, 2021, Ran Fitness Inc. leased exercise equipment to Crunch Inc. The lease term is 2 years. Payments of $16,500 are made at the beginning of every quarter for 2 years. The economic life of the equipment is also 2 years. The fair value of the equipment is $125,370. The implicit annual interest rate in the lease is 6%.

What is the outstanding lease liability balance after the second payment