RST (the lessee) leased a machine from XYZ (the lessor) on January 1, 2023. Relevant information about the finance lease follows: - The lease has a 12 year term, beginning January 1, 2023 and ending December 31 of the final year of the lease. - The lease requires annual payments of $30,000. The first payment is made on the date the lease is signed (January 1, 2023), and subsequent payments are made on December 31 of 2023 and each subsequent December 31. - The asset has a fair value of $250,000 and an economic useful life of 14 years. - The asset will be returned to XYZ (the lessor) at the end of the lease term. - The present value of the lease payments, at an implicit interest rate of 9% per year, is $234,156. Required: What dollar amount will ABC report as the Lease Payable balance as of December 31 , 2023 (the end of the first year, after the second payment)