NOTE: Please answer step $9$ only and show work. Thank you. Step $9$ is the only question I need answered. The journal entry accounts I chose are correct, I just don't know how to calculate it$.$

Here is the additional information given for the problem:

Federated Fabrications leased a tooling machine on Jan $1,2024,$ for a three$-$year period ending December $31,2026.$ The lease agreement specified annual payments of $$36000$ beginning with the first payment at the beginnning of the lease, and each December $31$ through $2025.$ The company had the option to purchase the machine on December $30,2026,$ for $$45000$ when its fair value was expected to be $$60000.$ The machine's estimated useful life was six years with no salvage value. The lessor's implicit rate of return was $12\%.$