The Holdsworth Corporation has purchased an executive jet. The company has agreed to pay $201,400 per year for the next 10 years and an additional $2,014,000 at the end of the 10th year. The seller of the jet is charging 8% annual interest. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)

Determine the liability that would be recorded by Holdsworth on the purchase date. (Round your answer to the nearest whole dollar.)