Your task is to record the following lease: On August 31, 2023, Bienocity entered into a 6 year lease for some equipment. The present value of the future lease payments and initial payment is equal to 100% of the fair value of the leased equipment. The lease payments are $23,000, with the first payment being made August 31, 2023. At the end of the lease, ownership of the equipment will transfer to Bienocity. Because the lease was entered into on the last day of Bienocity's fiscal year, no depreciation will be taken in fiscal 2023 on the leased equipment. The interest rate implicit in the lease is known to Bienocity and is 6%