Bird leased equipment that had a retail cash selling price of $1,286.000 and a useful life of five years with no residual value. The lessor paid $1175,000 to acquire the equipment and used an implicit rate of 12% when calculating annual lease payments of $282.000 beginning January 1, at the beginning of the lease, Incremental costs of negotiating and consummating the completed lease transaction incurred by the lessor were $11.400. What is the effect of the lease on the lessor's earnings during the first year (ignore taxes)? (Round your answer to nearest whole dollar amount.) Multiple Choice O Decrease in comunes by $221,480 increase an earrings by $242880 Decreto norings by $154,320 G Incrono in cainings by $220.080