On Jan 1, 2020, Perquisites Inc. leased two automobiles from Sublime Autos Corp. The lease requires Perquisites Inc. to make 8 annual payments of $12.5 at the beginning of each year. The lease does not have any prepayments, lease incentives, or initial direct costs. The present value of the payments is $80 and the present value of the residual value is $14. Perquisites Inc. has agreed to guarantee the residual value of the cars. Sublime Autos Corp valued these cars at $88 in its inventory. It has recently sold similar cars for $92 each.

Record the journal entry for Sublime Autos's initial measurement of the lease on Jan 1, 2020. Select all that apply.

Dr. Cost of Goods Sold -- $74

Cr. Sales Revenue -- $80

Dr. Cost of Goods Sold -- $88

Cr. Inventory -- $88

Cr. Sales Revenue -- $100

Dr. Lease receivable -- $80

Dr. Net Investment in the Lease -- Sales-Type -- $94

Dr. Net Investment in the Lease -- Sales-Type -- $80