At the beginning of its fiscal year, Lakeside Incorporated leased office space to LTT Corporation under a eight-year operating lease agreement. The contract cails for quarterly rent payments of $29,000 each The office building was acquired by Lakeside at a cost of $2.4 mitition and was expected to have a useful life of 30 years with no residual value What will be the effect of the lease on LTT's earnings for the first year (ignore taxes)? Note: Enter your answer rounded to the nearest whole dollar. At the beginning of its fiscal year, Lakeside incorporated leased office space to LTT Corporation under a eight-year operating lease agreement. The contract calls for quarteriy rent payments of $38,000 each The office butiding was acquired by Lakeside at a cost of $3.3 miltion and was expected to have a useful life of 30 years with no residual value. What will be the effect of the lease on Lakeside's earnings for the first year (ignore taxes)? Note: Enter your answer rounded to the nearest whole dollar