On January 1, 2026, Tandom Company leased some equipment from Johnson Corporation. The terms of the lease require annual payments of $40,000 for six years with the first payment being due on December 31,2026 . The interest rate on the lease is 20%, and Tandom Company will amortize the leased asset using the sum-of-the-years'-digits method. At January 1, 2026, the equipment had a seven year remaining useful life and the lease contract specifies that onnership of the equipment will transfer to Tandom Company at the end of the lease term. Colculate the balance in the leased asset account reported in Tandom Company's December 31, 2028 balance sheet. You will need to 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 12. Click o the link labeled present \& future value table factors. No credit will be awarded for this question using a means oth than these posted table factors to answer this