On January 2, 2021, Carla Vista Leasing Company leases equipment to Brick Co. with 5 equal annual payments of $167000 each, payable beginning January 2, 2021. Brick Co. agrees to guarantee the $167000 residual value of the asset at the end of the lease term. The expected value of the residual value is $60000. Brick's incremental borrowing rate is 11%, however it knows that Carla Vista's implicit interest rate is 9%. What journal entry would Brick Co. make at January 2, 2021 to record the lease? PV Annuity Due PV Ordinary Annuity PV Single Sum 9%, 5 periods 4.23972 3.88965 0.64993 4.10245 3.69590 0.59345 11%, 5 periods 777576 Right-of-Use Asset Cash Lease Liability 167000 610576 719114 Right-of-Use Asset Cash Lease Liability 167000 552114 708033 Right-of-Use Asset Cash Lease Liability 167000 541033 610576 Right-of-Use Asset Lease Liability 610576