Sheridan Company, a machinery dealer, leased a machine to Sunland Corporation on January $1,2025.$ The lease is for an $8-$year period and requires equal annual payments of $\backslash$$$29,776$ at the beginning of each year. The first payment is received on January $12025.$ Sheridan had purchased the machine during $2024$ for $$136,000.$ Collectibility of lease payments by Sheridan is probable. Sheridan set the annual rental to ensure a $6\%$ rate of return. The machine has an economic life of $10$ years with residual value and reverts to Sheridan at the termination of the lease Click here to view factor tables $($ a$)$ Compute the amount of the lease receivable. $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided and round final answer to decimal places eg$.5,275)$