Sheridan Corporation entered into an operating lease agreement to lease equipment from Sunland, Inc. on January 1, 2025. The lease calls for annual lease payments of $34,000, beginning on January 1 , for each of the 3 years of the lease. In addition, Sunland will pay Sheridan $6,000 as a cash incentive for entering the lease by January 1, 2025. In relation to the lease agreement, Sheridan incurred the following costs. Sheridan's incremental borrowing rate is 8%. If the value of the lease liability is $94,631, what amount will Sheridan record as the value of the right-of-use asset on January 1,2025 , at commencement of the operating lease? Value of the right-of-use asset $