Short Company purchased land by paying $14,000 cash on the purchase date and agreed to pay $14,000 for each of the next nine years beginning one-year from the purchase date. Short's incremental borrowing rate is 10%. On the balance sheet as of the purchase date, after the initial $14,000 payment was made, the liability reported is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)

$94,626.

$80,626.

$126,000.

$53,436.