Question: Technold Inc. sells computer systems. Technold leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $20 million.

Technold Inc. sells computer systems. Technold leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $20 million. This noncancelable lease had the following terms: Lease payments: $3,193,514 semiannually, first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025. Lease term: 5 years (10 semlannual payments). No residual value, no purchase option. Economic life of equipment: 5 years. Implicit Interest rate and lessee's Incremental borrowing rate: 7% semiannually. Fair value of the computers at January 1, 2021: $24 million. . What is the outstanding balance of the lease liability in Lone Star's June 30, 2021, balance sheet? (Round your answer to the nearest whole dollar.) Multiple Choice $19.069.426. O O $19,669.435. 0 O $24,000,000. O None of these answer choices is correct
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