On December $31,2026,$ Oriole Corporation leased a ship from Grouper Company for an eight$-$year period expiring December $31,$

Equal annual payments of $$510000$ are due on December $31$ of each year, beginning with December $31,2026.$ The lease is

properly classified as a finance lease on Oriole's books. The present value at December $31,2026$ of the eight lease payments over the

lease term discounted at $11\%($the appropriate rate for Oriole to use in this situation$)$ is $$2913222.$ Assuming all payments are made

on time, the amount that should be reported by Oriole Corporation as the total liability for finance leases on its December $31,2027$

balance sheet is

$$2550481.$

$$2718580$

$$2157576.$

$$3060000.$