answer this quick please

Indigo Equipment Leasing Company leased equipment to Cullumber Healthcare System on January 1,2025, for a four-year period. Equal annual payments under the lease are $480000 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 Indigo Equipment Leasing and known to Cullumber Healthcare is 8%. Cullumber's incremental borrowing rate is 11%. The cost of the equipment on Indigo Equipment Leasing accounting records was $690000. Assuming that the lease is appropriately recorded as an operating lease, what is the amount of profit on the sale that Indigo Equipment Leasing would record for the year ended December 31,2025 ? $1027008 50 $436364 $646364