On January 2, 2021, Ivanhoe Leasing Company leases equipment to Brick Co. with 5 equal annual payments of $150000 each, payable beginning January 2, 2021. Brick Co. agrees to guarantee the $142000 residual value of the asset at the end of the lease term. The expected value of the residual value is $52000. Brick's incremental borrowing rate is 9%, however it knows that Ivanhoe's implicit interest rate is 7%. What journal entry would Brick Co. make at January 1, 2022 to record the second lease payment