Benson Company leased equipment from Sunset Industries. The lease agreement qualifies as a finance lease and requires annual lease payments of $85,000 over a five-year lease term (also the assets useful life), with the first payment at January 1, 2018, the beginning of the lease. The interest rate is 6%. The asset being leased cost Sunset $350,000 to produce. The total increase in earnings (pretax) on Sunsets December 31, 2018, income statement would be:

a.) $47,206 b.) $30,534 c.) $17,672 d.) $0