Wildhorse Co. purchases land and constructs a service station and car wash for a total of $607500. At January 2, 2021, when construction is completed, the facility and land on which it was constructed are sold to a major oil company for $690000 and immediately leased from the oil company by Wildhorse. Fair value of the land at time of the sale was $73500. The lease is a 10-year, noncancelable lease. Wildhorse uses straight-line depreciation for its other various business holdings. The economic life of the facility is 15 years with zero salvage value. Title to the facility and land will pass to Wildhorse at termination of the lease. A partial amortization schedule for this lease is as follows:

		Payments		Interest		Amortization		Balance
Jan. 2, 2021								$690000.00
Dec. 31, 2021		$112294.32		$69000.00		$43294.32		646705.68
Dec. 31, 2022		112294.32		64670.57		47623.75		599081.93
Dec. 31, 2023		112294.32		59908.19		52386.13		546695.80

What is the amount of the lessees liability to the lessor after the December 31, 2023 payment?

$546696

$646706

$690000

$599082