Swifty Corporation leased equipment to Windsor, Inc on January 1, 2020. The lease agreement called for annual rental payments of $1,193 at the beginning of each year of the 3 -year lease. The equipment has an economic useful life of 7 years, a fair value of $9,200,a book value of $7,200, and Swifty expects a residual value of $6,700 at the end of the lease term. Swifty set the lease payments with the intent of earning a 5% return, though Windsor is tunaware of the rate implicit in the lease and has an incremental borrowing rate of 7%. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Click here to view factor tables. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) What is the amount of the rental payments used in the lease agreement? (Round answer to 0 decimal places, es. 5,275.) Rental payments