Rusty Corporation purchased a rust-inhibiting machine by paying $57,500 cash on the purchase date and agreed to pay $11,500 every three months during the next two years. The first payment is due three months after the purchase date. Rusty's incremental borrowing rate is 12%. The liability reported on the balance sheet as of the purchase date, after the initial $57,500 payment was made, is closest to: (EV of $1. PV of $1. EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $92,000. $138,226 $80,726 $149,500