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On January 1, 2021, Green Co. recorded a right-of-use asset of $188,420 in an operating lease. The lease calls for ten annual payments of $26,000

On January 1, 2021, Green Co. recorded a right-of-use asset of $188,420 in an operating lease. The lease calls for ten annual payments of $26,000 at the beginning of each year. The interest rate charged by the lessor was 8%. The balance in the right-of-use asset at December 31, 2021, will be:

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$188,420.

$175,414.

$173,346.

$129,936.

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