Show all your calculations part also.

On July 1, 2020 an entity entered into an 8-year lease of a floor of a building with the following terms: Annual rental for the first three years payable at the end 300,000 of each year Annual rental for the next five years payable at the end of 200,000 cach year Implicit interest rate Compute the balance of lease liability on December 31, 2020. (Use four decimal places for your present value ex:1.3284) 10% 1,773,408 O 1,884,916 O 1,138,816 1,829,152