35.On January 2, 2021, Gold Star Leasing Company leases equipment to Brick Co. with 5 equal annual payments of $160,000 each, payable beginning January 2, 2021. Brick Co. agrees to guarantee the $150,000 residual value of the asset at the end of the lease term. The expected value of the residual value is $50,000. Brick's incremental borrowing rate is 10%, however it knows that Gold Star's implicit interest rate is 8%. What journal entry would Brick Co. make at January 2, 2021 to record the lease? PV Annuity Due PV Ordinary Annuity PV Single Sum 8%, 5 periods 10%, 5 periods 4.31213 3.99271 .68508 4.16986 3.79079 .62092 a. Right-of-Use Asset 598,449 Lease Liability 598,449 b. Right-of-Use Asset 758,449 Cash 160,000 Lease Liability 598,449 c. Right-of-Use Asset 689,940 Cash 160,000 Lease Liability 529,940 d. Right-of-Use Asset 707,342 Cashi 160,000 Lease Liability 547,342