On January 2, 2018, Cullumber Leasing Company leases equipment to Brick Co. with 5 equal annual payments of $172000 each, payable beginning January 2, 2018. Brick Co. agrees to guarantee the $139500 residual value of the asset at the end of the lease term. The expected value of the residual value is $50000. Bricks incremental borrowing rate is 11%, however it knows that Cullumbers implicit interest rate is 9%. What journal entry would Brick Co. make at January 1, 2019 to record the second lease payment? PV Annuity Due PV Ordinary Annuity PV Single Sum 9%, 5 periods 4.23972 3.88965 0.64993 11%, 5 periods 4.10245 3.69590 0.59345 Lease Liability 116614 Interest Expense 55386 Cash 172000 Lease Liability 122033 Interest Expense 49967 Cash 172000 Lease Liability 172000 Cash 172000 Lease Liability 121849 Interest Expense 50151 Cash 172000