On January $1,2024,$ an entity delivered an equipment to a lessee under a direct financing lease for $10$ years. The equipment shall revert to the lessor at the end of lease term

Cost of equipment $3,565,000$

Annual rental payable at the end of year $500,000$

Initial direct cost paid by lessor $335,000$

Implicit interest rate after initial direct cost $12\%$

$10.$ What is the carrying amount of Lease Receivable at December $31,2025?$

a$.2,664,000$

b$.2,983,680$

c$.2,483,680$

d$.$ None of the above