On Dec. $31,20$X$1,$ Dillard Corp. leased equipment to Akin Corp for three years ending Dec. $31,20$X$4.$ The first of the three lease payments of $$130,960$ was made at the inception of the lease. The equipment cost Dillard $$300,000$ and has an expected useful life of six years. Its normal sales price is $$365,760.$ The lease includes a purchase option that Akin is reasonably certain to exercise at an option price of $$10,000.$ Dillard's interest rate is $10\%.$ Which of the following is true in accounting for this lease?

Question $1$ options:

To amortize the right$-$of$-$use asset, Akin will credit right$-$of$-$use asset for $$121,920.$

Dillard will record the receipt of the bargain payment with a credit to equipment for $$7,513.$

To amortize the right$-$of$-$use asset, Akin will debit amortization expense for $$60,960.$

At the inception of the lease, Dillard will debit lease receivable for $$300,000.$