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Sunland Company, a machinery dealer, leased a machine to Turtle Corporation on January 1, 2025. The lease is for an 8-year period and requires equal annual payments of $63,998 at the beginning of each year. The first payment is received on January 1,2025. Sunland had purchased the machine during 2024 for $378,000. Collectibility of lease payments by Sunland is probable. Sunland set the annual rental to ensure a 6% rate of return. The machine has an economic life of 9 years with no residual value and reverts to Sunland at the termination of the lease. Click here to view factor tables. (a) Compute the amount of the lease receivable. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 0 decimal places e. .5,275.) Amount of the lease receivable eTextbook and Media List of Accounts Attempts: 0 of 2 used Using muitiple attempts will impact your score. 20% score reduction after attempt 1