On January 2, 2018, Sheridan Leasing Company leases equipment to Brick Co. with 5 equal annual payments of $169000 each, payable beginning January 2, 2018. Brick Co. agrees to guarantee the $131500 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 8%, however it knows that Sheridans implicit interest rate is 6%. What journal entry would Brick Co. make at January 2, 2018 to record the lease? PV Annuity Due PV Ordinary Annuity PV Single Sum 6%, 5 periods 4.46511 4.21236 0.74726 8%, 5 periods 4.31213 3.99271 0.68058