On January 1, 2026, Au5R Company leased a machine. The lease requires annual payments of $50,000 every December 31 for twenty years with the first payment being due on December 31, 2026. The interest rate on the lease is 10% and Au5R Company will record amortization on the leased asset using the double-declining balance method. Assume the machine had a twenty-five year remaining useful life at January 1, 2026 and the lease contract requires the machine to be returned to the lessor at the end of the lease. Calculate the amount of the lease liability balance at December 31, 2027 that would be classified as a current liability. Use the time value of money table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 13. Click on the link labeled present & future value table factors. No credit will be awarded for this question using a means other than these table factors to answer this question.