On 30 June 2021, Monty Ltd Leased a Motor Vehicle

On 30 June 2021, Monty Ltd leased a motor vehicle to Taylor Ltd. Monty Ltd had purchased the motor vehicle on that day for its fair value of $68 346. The lease agreement cost Monty $1659 to have drawn up and requires Taylor to reimburse Monty for annual insurance costs of $1500. The amount recorded as a lease receivable by Monty Ltd at the inception of the lease is:

A) $66 846.
B) $69 849.
C) $70 005.
D) $71 505.