1. Lasch Co. recorded a right-of-use asset of $240,000 in a 10-year operating lease. Payments of $37,397 are made annually at the end of each year. The interest rate charged by the lessor was 9%. The balance in the right-of-use asset after the first year will be: Multiple Choice O $218,400. O $224,203 $138,629. (0) $240,000