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Crosley Company, a machinery dealer, leased a machine to Dexter Corporation on January 1,2020. The lease is for an 8-year period and requires equal annual payments of $35.004 at the beginning of each year. The first payment is received on Jantary 1.2020. Crosley had purchased the machine during 2019 for $160,000. Collectibility of lease payments by Crosley is prohable, Crosley set the annual rental to ensure a 6% rate of return. The machine has an economic life of 10 years with no residual value and reverts to Crosley at the termination of the lease. Assume that Dexter Corporation does not know the rate implicit in the lease used ly Crosley, and Dexter's incremental borrowing rate is 8%. In addition, assume that Dexter incurs initiat direct costs of $15,000. Click here to view factor tables. (a) Compute the amount of the lease liability and right-of-use asset for Dexter (For calculation purposes, use 5 decimal places as displayed in the foctor table provided and round final answers to 0 decimal places es. 5.275) Right-ot-use asset