Niko Ltd$.$ signed a lease for a five$-$year term that requires yearly, beginning$-$of$-$year payments of $$104,000$ including maintenance.

Based on allocating the lease payment on relative stand$-$alone prices, the lease component is $$94,400$ and the non$-$lease component for maintenance is $$9,600.$ Niko has a residual guaranteed value of $$26,500$ at the end of the lease term. Niko's IBR is $10\%.($PV of $$1,$ PVA of $$1,$ and PVAD of $$1.)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

Calculate the ROU asset. $($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$

ROU asset

$2$ Record the initial journal entry at commencement of the lease. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount. Do not round intermediate calculations.$)$

$\backslash$table$[[$No$,$Transaction,General Journal,Debit,Credit$],[$A$,1,$ROU asset,,$],[,,$Cash,,$]]$