Derozan Corp. manufactured equipment at a cost of $216,978 and leased it to B Corp. on January 1, 2019 for an eight-year period expiring December 31, 2026. Eight years is considered a major part of the assets economic life. Equal payments under the lease are $53,110 and are due on January 1 and July 1 of each year. The first payment was made on January 1, 2019. The implicit rate used by Derozan is 8%.

Additional information:

Present value of an annuity due of $1 for 8 periods at 8% 6.21

Present value of an annuity due of $1 for 16 periods at 4% 12.12

What is the Debit to Lease receivable recorded by Derozan on January 1, 2019?