LeaseCo Industries leased equipment to UserCorp, on July 1, 2018, LeaseCo recorded the lease as a sales-type lease at $900,000, the present value of lease payments discounted at 10%. The lease called for ten annual lease payments of $150,000 due each July 1 . The first payment was received on July 1, 2018. LeaseCo had monufactured the equipment at a cost of $790,000. What is the total increase in earnings (pretax) on Leaseco's December 31, 2018, income statement? Multiple Choice $157,500 $147,500 $195,000 $154,000