On January 2, 2021, Crane Leasing Company leases equipment to Foley Co. with 5 equal annual payments of $148000 each, payable beginning January 2, 2021. Foley Co. agrees to guarantee the $88000 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 11%, however it knows that Crane's implicit interest rate is 9%. The journal entry Crane makes at January 2, 2021 includes a debit to right-of-use asset for? PV Annuity Due PV Ordinary Annuity PV Single Sum 9%, 5 periods 4.23972 3.88965 0.64993 4.10245 3.69590 11%, 5 periods 0.59345 O $659386 O $948764 O $684672 O $679702