Cancun Caterers leased a new piece of commercial cooking equipment from Chefs R Us on January 1, 2018. This lease requires 10 annual payments of $20,000, with the first payment due immediately and each subsequent payment due on 12/31. Also contained in the lease is a purchase option in which Cancun can buy the equipment at the end of the lease terms for an additional $10,000. Both Cancun and Chefs R Us expect this option to be exercised.
Assuming an implicit interest rate of 6%, what is the amount Cancun will debit to Leased Equipment at the inception of the lease? (round your final answer to the nearest dollar)

$166,034
$161,618
$156,034
$152,786