Short Company purchased land by paying $22.000 cash on the purchase date and agreed to pay $22,000 for each of the next seven 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 $22,000 payment was made, the ability reported is closest to: (EV of $1. PV of $1. FVA of $1and PVA of $1 (Use appropriate factor(s) from the tables provided.) Multiple Choice S129105. $154,000