On January 1, 2024, Rastall Company signed a long-term finance lease for an office building. The terms of the lease required Rastall to pay $13,000 annually, beginning December 31, 2024, and continuing each year for 22 years. On January 1, 2024, the present value of the lease payments is $122,752 discounted at the 9% interest rate implicit in the lease. What is the amount of the lease payable that would be reported in Rastall's balance sheet on December 31, 2024?

$109,752

$122,752

$120,800

$273,000