On January 2, 2021. Blossom Leasing Company leases equipment to Foley Co with 5 equal annual payments of $158000 each, payable beginning January 2, 2021 Foley Co, agrees to guarantee the $98000 residual value of the asset at the end of the lease term. The expected value of the residual is $0. Foley's incremental borrowing rate is 10%, however it knows that Blossom's implicit interest rate is 8%. The journal entry Blossom makes at January 2, 2021 includes a debit to right-of-use asset for? PV Annuity Due PV Ordinary Annuity PV Single Sum 4.31213 3.99271 0.68058 8%, 5 periods 10%.5 periods 4.16987 3.79079 0.62092 $1053437 $742167 $748013 $719690