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 PV Ordinary Due Annuity PV Single Sum 896,5 4.31213 3.99271 0.68058 periods 109,5 4.16987 3.79079 0.62092 periods O $742167 O $748013 O $719690 O $1053437