Tamarisk Fashion Company enters into a lease arrangement with Highpoint Leasing for 5 years. Tamarisk agrees to pay 4% of its net sales as a variable lease payment. Tamarisk does not pay any fixed payments. Tamarisk is a highly successful company that has achieved over $1,300,000 in net sales over the last 7 years. Both Tamarisk and Highpoint forecast that net sales will be a much greater amount than $1,300,000 in subsequent years. As a result, it is highly certain that Tamarisk will make payments of at least $52,000 ($1,300,000 x 4%) each year. What is the lease payment amount Tamarisk should use to record its right-of- use asset? Lease payment $