Lasch Company recorded a right$-$of$-$use asset of $$202,000$ in a $10-$year operating lease. Payments of $$32,875$ are made annually at the end of each year. The interest rate charged by the lessor was $10\%.$ The balance in the right$-$of$-$use asset after the first year will be: Multiple Choice $$189,325.$ $$181,800.$ $$124,129.$ $$202,000.$