on January 2, 20X7, Rocky leased additional equipment. The terms of the lease includes a non-cancelable lease term of 6 years, which is also the estimated useful life of the equipment. The lease agreement specifies annual payments of $100,000, beginning at the inception of the lease and continuing each December 31 through 20X1. The appropriate interest rate is 9%. The present value factor for an annuity due for 6 periods at 9% is 4.88965. Also on December 31, 20X7, Rocky made the second lease payment, looking for journal entry