XYZ Company leases an asset for 4 years. During the term of the lease, XYZ must make a year-end payment of $8,000 each year for using the asset. The rate implicit in the lease is 7%. XYZ has a bargain purchase option on the asset and follows US GAAP.

The increase in liabilities upon inception of the lease is closest to:

	Zero
	$27,098
	$32,000