Sarasota Incorporated leases a piece of equipment to Metlock Corporation on January 1, 2020. The lease agreement called for annual rental payments of $5,142 at the beginning of each year of the 4-year lease. The equipment has an economic useful life of 6 years, a fair value of $25,500, a book value of $20,500, and both parties expect a residual value of $8,350 at the end of the lease term, though this amount is not guaranteed. Sarasota set the lease payments with the intent of earning a 6% return, and Metlock is aware of this rate. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the amount of the rental payments used in the lease agreement? (Round answer to O decimal places, e.g. 5,275.) Rental payments $ +A