1. Lasch Co. recorded a right-of-use asset of $202,000 in a 10-year operating lease. Payments of $32,875 are made annually at the end of each year. The interest rate charged by the lessor was 10%. The balance in the right-of-use asset after the first year will be: A) $124,129. B) $202,000. C) $181,800. OD) $189,325