On January 1.2016, Cantor Corporation leased equipment to Max Company. The lease term s 9 years a first payment of $459,000 was made on January 1. 2016. Remaining payments are made on December 31 each year, beginning with December 31, 2016. The equipment cost Cantor Corporation $2,421,600. The present value of the minimum lease payments is $2.661.600. The lease is appropriately classified as a sales- p se. Assuming the Interest rate for this lease is 13%, what will be the balance reported as a liablity by Max in the December 31, 2017, balance sheet? (Round final answer to the nearest dollar) O $1645.330. O $1.834,830 O $2.202,600 O $2.029,938