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On December $31,2024,$ Blossom Company leased machinery from Wildhorse Corporation for an agreed$-$upon lease term of $3$ years.

Blossom agreed to make annual lease payments of $$13,000,$ beginning on December $31,2024.$ The expected residual value of the

machinery at the end of the lease term is $$7,000,$ though Blossom does not guarantee any residual value to Wildhorse.

What amount will Blossom record as its lease liability on December $31,2024,$ if its incremental borrowing rate is $8\%$ and the implicit

rate of the lease is unknown? $($For calculation purposes, use $5$ decimal places as displayed in the factor table provided and round final answer

to $0$ decimal places, e$.$g$.5,275.)$

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Lease liability $