On January $1,$ Garcia Supply leased a truck for a four$-$year period, at which time possession of the

truck will revert back to the lessor. Annual lease payments are $$10,000$ due on December $31$ of

each year, calculated by the lessor using a $5\%$ discount rate. Negotiations led to Garcia

guaranteeing a $$36,000$ residual value at the end of the lease term. Garcia estimates that the

residual value after four years will be $$35,000.$

What is the amount to be added to the right$-$of$-$use asset and lease liability under the residual value

guarantee?

Note: Use tables, Excel, or a financial calculator. Enter your answer in whole dollars. $($FV of

$$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$