The lease contract for a computer workstation requires quarterly payments of $2100 at the beginning of every three-month period for five years. The lessee would otherwise have to pay an interest rate of 10% compounded quarterly to borrow funds to purchase the workstation.

A.) What amount will the lessee initially report in its financial statements as the long-term lease liability?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

The initial lease liability will be $___

B.)What will the liability be at the end of the fourth year?(Do not round intermediate calculations and round your final answer to 2 decimal places.)

Lease liability $___