Foothills Industries leased equipment to Norman Company on January 1, 2023. Foothills recorded the lease as sales-type lease at $77,000, the present value of fease payments discounted at 9%. The lease calls for ten annual lease payments of $11,000 due each January 1 , with the first payment at January 1,2023, the beginning of the lease. The asset being leased cost Foothills $61,000 to prodluce. The total increase in earnings (pretax) on Foothills' 2023 income statement would be: $21.940 $5.940 $15,000 $22.930