Pronghorn Steel Company, as lessee, signed a lease agreement for equipment for 5 years, beginning December 31, 2020. Annual rental payments of $56,000 are to be made at the beginning of each lease year (December 31 ). The interest rate used by the lessor in setting the payment schedule is 6%; Pronghorn's incremental borrowing rate is 8%. Pronghorn is unaware of the rate being used by the lessor. At the end of the lease. Pronghorn has the option to buy the equipment for $5,000, considerably below its estimated fair value at that time. The equipment has an estimated useful life of 7 years, with no salvage value. Pronghorn uses the straight-line method of depreciation on similar owned equipment. What amounts would appear on Pronghorn's December 31,2022 , balance sheet relative to the lease arrangement? (Round answers to 0 decimal ploces, e.g. 58.971.)