for a five-year on December 31, 2018. Perry Corporation leased equipment to Admiral Company for a five year period. The annual lease payment, excluding nonease components is s48.000. The interest rate for this lease is 11%. The payments are due on December 31 of each year. The first payment was made on December 31, 2018. The normal cash price for this type of equipment is $155,000 while the cost to Perry was $130,000. For the year ended December 31, 2018, by what amount will Perry's earnings increase due to this lease (ignore taxes? Mutiple Choice $15.000 $5.000