. On January 1, 2018, Wally Company sianed a four-year lease requiring annual payments of P450,000, with the first payment due on January 20LO. Wally's incremental borrowing rate was 6%. Actuarial information for follows: 3 Periods 4 Periods 5 Periods Present value of an annuity due of 1 @ 6% 2.83339 3.67301 4.46511 Present value of ordinary annuity of 1 @ 68 2.67301 3.46511 4.21236 What is the carrying value of the Right-of-use asset on December 31, 2018? a. P1,169, 475 c. P1,559,300 b. P1, 239, 641 d. P1,652,855