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C is corrent.  The initial lease liability at 12/31/Y1, before the 12/31/Y1 payment, is $95,816 ($20,000 x 4.7908). The liability is recorded at the lower of the FV of the leased asset ($105,000) or the PV of the minimum lease payments ($95,816).  The 10% rate is used to compute PV, rather than the 11% rate, because ASC Topic 840 states that the discount rate is to be the lessee’s incremental borrowing rate, unless the lessor’s implicit rate is known and is less than the lessee’s incremental borrowing rate.  The 12/31/Y1 payment consists entirely of principal, reducing the 12/31/Y1 liability to $75,816 (95,816 – $20,000).
A is incorrect.   The initial lease liability at 12/31/Y1, before the 12/31/Y1 payment, is $95,816 ($20,000 x 4.7908). The liability is recorded at the lower of the FV of the leased asset ($105,000) or the PV of the minimum lease payments ($95,816).  The 10% rate is used to compute PV, rather than the 11% rate, because ASC Topic 840 states that the discount rate is to be the lessee’s incremental borrowing rate, unless the lessor’s implicit rate is known and is less than the lessee’s incremental borrowing rate.  The 12/31/Y1 payment consists entirely of principal, reducing the 12/31/Y1 liability to $75,816 (95,816 – $20,000).  
A is incorrect.   The initial lease liability at 12/31/Y1, before the 12/31/Y1 payment, is $95,816 ($20,000 x 4.7908). The liability is recorded at the lower of the FV of the leased asset ($105,000) or the PV of the minimum lease payments ($95,816).  The 10% rate is used to compute PV, rather than the 11% rate, because ASC Topic 840 states that the discount rate is to be the lessee’s incremental borrowing rate, unless the lessor’s implicit rate is known and is less than the lessee’s incremental borrowing rate.  The 12/31/Y1 payment consists entirely of principal, reducing the 12/31/Y1 liability to $75,816 (95,816 – $20,000).  
D is incorrect.   The initial lease liability at 12/31/Y1, before the 12/31/Y1 payment, is $95,816 ($20,000 x 4.7908). The liability is recorded at the lower of the FV of the leased asset ($105,000) or the PV of the minimum lease payments ($95,816).  The 10% rate is used to compute PV, rather than the 11% rate, because ASC Topic 840 states that the discount rate is to be the lessee’s incremental borrowing rate, unless the lessor’s implicit rate is known and is less than the lessee’s incremental borrowing rate.  The 12/31/Y1 payment consists entirely of principal, reducing the 12/31/Y1 liability to $75,816 (95,816 – $20,000).