please help with accounting...thank you

On December 31, Year 1. Strickland Corp. signed a 7-year capital lease for an airplane. The airplane's fair value was $688, 500, which is the present value of the lease payments to be used to account for this capital lease. Strickland then made the first annual lease payment of $153,000 on December 31, Year 1. What amount should Strickland report as total capital lease liability in its December 31, Year 1 balance sheet? Select one: $841, 500 $535, 500 $688, 500 $627, 300