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 $$17,500$ due on December $31$ of each year, calculated by the lessor using a $5\%$ discount rate.

Negotiations led to Garcia guaranteeing a $$66,600$ residual value at the end of the lease term. Garcia estimates that the residual

value after four years will be $$65,200.$

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. Round your answer to the nearest whole number. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$

PVA of $$1,$ FVAD of $$1$ and PVAD of $$11)$

Answer is complete but not entirely correct.