Question 18 On December 31, 2021, Crane Corporation leased a plane from Bell Company for an 7-year period expiring December 31, 2028. Equal annual payments of $438000 are due on December 31 of each year, beginning with December 31, 2021. The lease is properly classified as a finance lease on Crane's books. The present value at December 31, 2021 of the lease payments over the lease term discounted at 11% is $2501942. Assuming the first payment is made on time, the amount that should be reported by Crane Corporation as the lease liability on its December 31, 2021 balance sheet is $2501942 $2339156. $2290976. $2063942 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBMIT