On January 1, 2024, Ivanhoe Ltd. leased a machine from Pharoah Equipment Ltd. The machine had cost Pharoah $417,200 to manufacture, and would normally have sold for about $596,000. The lease was for 10 years and requires equal monthly payments of $6,570, which reflect an annual interest rate of 9%. While the machine is expected to have a total useful life of 12 years, Ivanhoe's management plans to return it to Pharoah at the end of the 10-year lease. Ivanhoe's management has also determined that the present value of the minimum lease payments was $518,647 at the time the lease was entered into. (a) Calculate the impact that the lease will have in the first month on Ivanhoe's statement of financial position. (Round answers to 0 decimal places, e.g. 125.) Right-of-use asset at the end of January $ Lease liability at the end of January $