Short Company purchased land by paying $15,000 cash on the purchase date and agreed to pay $15,000 for each of the next ten years beginning one-year from the purchase date. Short's incremental borrowing rate is 11%. On the balance sheet as of the purchase date, after the initial $15,000 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.)

$103,338.

$150,000.

$52,828.

$88,338.