Blossom Corporation entered into an operating lease to lease equipment from Crane, Inc. on January 1, 2025. The lease calls for annual lease payments of $8,000, beginning on December 31 , for each of the 5 years of the lease. In addition, Crane, Inc. will pay Blossom Corporation $2,000 as a cash incentive for entering the lease by December 31 . In relation to the lease agreement, Blossom incurred the following costs. Blossom's incremental borrowing rate is 4%. If the value of the lease liability is $37,039, what amount will Blossom record as the value of the right-of-use asset on January 1, 2025, at commencement of the operating lease? Value of the right-of-use asset $ 
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