Larkspur Fashion Company enters into a lease arrangement with Highpoint Leasing for 5 years. Larkspur agrees to pay 6% of its net sales as a variable lease payment. Larkspur does not pay any fixed payments. Larkspur is a highly successful company that has achieved over $1,200,000 in net sales over the last 7 years. Both Larkspur and Highpoint forecast that net sales will be a much greater amount than $1,200,000 in subsequent years. As a result, it is highly certain that Larkspur will make payments of at least $72,000 ($1,200,000 × 6%) each year. What is the lease payment amount Larkspur should use to record its right-of-use asset? Lease payment