100. Medical Equipment Leasing Company leased equipment to Hanover Healthcare System on January 1, 2025, for a four-year period. Equal annual payments under the lease are $250,000 and are due on January 1 of each year. The first payment was made on January 1, 2025. The implicit rate of interest contemplated by Medical Equipment Leasing and known to Hanover Healthcare is 8%. Hanover's incremental borrowing rate is 10%. The cost of the equipment on Medical Equipment Leasing accounting records was $775,000. Assuming that the lease is appropriately recorded as an operating lease, what is the amount of profit on the sale that Medical Equipment Leasing would record for the year ended December 31,2025