I need help solving for the initial measurement of the right of use asset. I have attached the formula given to me on the bottom. The other portions of the problem are all correct.

Initial Measurement of Lease Liability

+

Prepaid Lease Payments

Lease Incentives Received

+

Initial Direct Costs

=

Right-of-Use Asset

Exercise 21A-17 a-C On January 1, 2017, Kingbird Co. leased a building to Blossom Inc. The relevant information related to the lease is as follows. 1. 2. The lease arrangement is for 10 years. The building is expected to have a residual value at the end of the lease of $3,800,000 (unguaranteed) The leased building has a cost of $4,300,000 and was purchased for cash on January 1, 2017 3. The building is depreciated on a straight-line basis. Its estimated economic life is 50 years with no salvage value. 4. Lease payments are $275,000 per year and are made at the beginning of the year. 5, Blossom has an incremental borrowing rate of 5%, and the rate implicit in the lease is unknown to Blossom. 6. Both the lessor and the lessee are on a calendar-year basis. Click here to view the factor table For calculation purposes, use 5 decimal places as displayed in the factor table provided.)