Problem $17-10($Static$)($LO $17-4)$

Reynolds County has three large trucks with a total net book value of $$600,000$ and remaining lives of six years with no expected residual value. County officials lease the trucks to the City of Webster on January $1,2020,$ for six years. Based on a negotiated annual implicit interest rate of $5$ percent, the parties agree on annual payments of $$112,581$ beginning immediately and each January $1$ thereafter. For both governments, the trucks relate to activities maintained with the General Fund. What is the total amount of expenditures that Webster will report on its fund financial statements for the governmental funds for $2020?$