The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $200,100 per year for the next 10 years and an additional $1,000,500 at the end of the 10th year. The seller of the jet is charging 7 percent annual interest. (FV of \$1, PV of $1,FVA of $1, and PVA of $1 ) Note: Use the appropriate factor(s) from the tables provided. Required: Determine the liability that would be recorded by Jenkins. Note: Round your intermediate calculations and final answer to nearest whole dollar