An asset with a cost of $80,000 is leased on 1/1/X1. The lease is a sales-type lease for the lessor. Six annual lease payments are due on December 31 beginning on 12/31/x1. The asset will have no residual value. The lessor sets a rate of return of 8% and charges the lessee annual lease payments of $20,550. Present value factor of an ordinary annuity for six years at 8% Present value factor of an annuity due for six years at 8% Present value factor of a single sum for a six-year term at 8% 4.62288 4.99271 .63017 In the journal entry at the inception of the lease, what amount does the lessor credit to sales revenue