Sunland, Inc. leased equipment from Tower Company under a 4-year lease requiring equal annual payments of $404152, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4 year useful life and no salvage value. Sunland, Inc's incremental borrowing rate is 9% and the rate implicit in the lease (which is known by Sunland, Inc.) is 7%. Assuming that this lease is properly classified as a finance lease, what is the amount of Lease Liability reduction recorded from the second payment? $308326$404152$329908$273327