On January 2, 20X1, Gold Star Leasing Company leases equipment to Brick Co. with 5 equal annual payments of $40,000, payable beginning December 31, 20X1. Brick Co. agrees to guarantee the $25,000 residual value of the asset at the end of the lease term. Brick's incremental borrowing rate is 10% and Brick does not know that Gold Star's implicit interest rate is 8% Assume this is a financing type lease 8%, 5 periods PV.Annuity De PV Ordinary Amity PV Single Sum 431213 4.16986 3.99271 0.68058 3.79079 0.62092 10%, Speriods What is the balance of the lease receivable on January 1, 20X2?