.On January 1, Year One, Company A agrees to lease a truck from Ford for five years, the truck's entire life. This arrangement is viewed as a capital lease. Payments will be exactly $10,000 per year with the first payment made immediately and the second on January 1, Year Two and so on. A reasonable interest rate is 10 percent. The present value of a single amount of $1 in five years at an annual rate of 10 percent is .630. The present value of an annuity due of $1 for five years at an annual rate of 10 percent is 3.81. What liability is reported by Company A on its December 31, Year One balance sheet? a. $28,100 b. $30,910 c. $31,740 d. $40,000