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Urgently need help please Technoid Incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2024. The manufacturing cost of the

Urgently need help please

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Technoid Incorporated sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2024. The manufacturing cost of the computers was $17 million. This noncancelable lease had the following terms: . Lease payments: $2,691,724 semiannually; first payment on January 1, 2024; remaining payments on June 30 and December 31 each year through June 30, 2028. . Lease term: 5 years (10 semiannual payments). . No residual value; no purchase option. . Economic life of equipment: 5 years. . Implicit interest rate and lessee's incremental borrowing rate: 6% semiannually. . Fair value of the computers on January 1, 2024: $21 million. What is the outstanding balance of the lease liability in Lone Star's balance sheet on June 30, 2024? Note: Round your answer to the nearest whole dollar. Multiple Choice

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