On January $2,2025,$ Gold Star Leasing Company leases equipment to Brick Co$.$ with $5$ equal annual payments of $$160,000$ each, payable beginning January $2,2025.$

Brick Co$.$ agrees to guarantee the $$150,000$ residual value of the asset at the end of the lease term. The expected value of the residual value is $$50,000.$ Brick's incremental borrowing rate is $10\%,$ however it knows that Gold Star's implicit interest rate is $8\%.$ What journal entry would Brick Co$.$ make at January $1,2026$ to record the second lease payment?

$\backslash$table$[[,$PV Annuity Due,PV Ordinary Annuity,PV Single$],[\%,5$ periods,$4\mathrm{.}31213,3\mathrm{.}99271,\mathrm{.}68508],[\backslash$table$[[10\%,5$