The lease term is five years. The economic life of the equipment is six years. Petunia has the option to purchase the equipment for $10,000 at the end of the lease term. The estimated value of the equipment at this time is $27,000. The implied interest rate in the lease is 8% but is not known to Petunia, nor is it readily determinable. Petunia's current IBR is 9%. Annual payments of $33,200 commence on January 1, Year 3. Petunia follows IFRS and has a December 31 year end. What is the balance of the lease liability at the end of December 31, Year 4? Question 19 options: a) $124,323 b) $99,324 c) $100,343 d) $91,602