Burd ieased equipment thet had a retall cash selling price of $1,068,000 and a useful life of five years with no residual value. The lessor paid $976.000 to actulte the equipment and used an implicit rate of 12% when colculating annual lease payments of $235,000 beginning January 1 , at the beginning of the lease. Incremental costs of negotiating and consummating the completed lease transaction incurred by the lessot were $11,200 What is the effect of the lease on the lessor's earnings during the first year (ignore taves)? (Round your answer to nearest whole dollar amount.) Mutiple Choice Decreate in eamings by $101,960 increase in enrnings by $203,160 Decrease in earnings by $128,160 increase in earnings by 5180,760 Burd ieased equipment thet had a retall cash selling price of $1,068,000 and a useful life of five years with no residual value. The lessor paid $976.000 to actulte the equipment and used an implicit rate of 12% when colculating annual lease payments of $235,000 beginning January 1 , at the beginning of the lease. Incremental costs of negotiating and consummating the completed lease transaction incurred by the lessot were $11,200 What is the effect of the lease on the lessor's earnings during the first year (ignore taves)? (Round your answer to nearest whole dollar amount.) Mutiple Choice Decreate in eamings by $101,960 increase in enrnings by $203,160 Decrease in earnings by $128,160 increase in earnings by 5180,760