On September 30, 2018, Ferguson Imports leased a warehouse. Terms of the lease require Ferguson to make 15 annual lease payments of $66,000 with the first payment due immediately. Accounting standards require the company to record a lease liability when recording this type of lease. (FV of \$1, PV of \$1. FVA of \$1. PVA of \$1. EVAD of \$1 and PVAD of \$1) (Use appropriate factor( $ ) from the tables provided.) Assume a 7% interest rate. What amount should Ferguson record the lease liability on September 30,2018 , before the first payment is made? (Round your final answers to nearest whole dollar amount.)