At the begInning of Its fiscal year, Lakeside Incorporated leased office space to LTT Corporation under a twelve-year operating lease agreement. The contract calls for quarterly rent payments of $34,000 each. The office bullding was acquired by Lakeside at a cost of $2.9 million and was expected to have a useful life of 25 years with no residual value. What will be the effect of thellease on Lakeside's earnings for the first year (Ignore taxes)? Note: Enter your answer rounded to the nearest whole dollar