Multiple Choice Rite Aid recorded a right-of-use asset of $120,000 in a 10-year operating lease. Payments of $16,559 are made annually at January 1 of each year beginning January 1, 2021. The interest rate charged by the lessor was 8%. The balance in the right-of-use asset at December 31, 2021, will be: $120,000. $111,716. $110,403. $103,441