On January $1,$ Harbor $($lessee$)$ signs a five$-$year lease for equipment that is accounted for as a finance lease. The lease requires five $$24,000$ lease payments $($the first at the beginning of the lease and the remaining four at December $31$ of years $1,2,3,$ and $4),$ and the present value of the five annual lease payments is $$100,077,$ based on a $10\%$ interest rate.