Need help with finding part C

A lease agreement that qualifies as a finance lease calls for annual lease payments of $40,000 over a six-year lease term (also the asset's useful life), with the first payment at January 1, 2016, the beginning of the lease. The interest rate is 7%. The lessor's fiscal year is the calendar year. The lessor manufactured this asset at a cost of $191,000. (FV of $1, PV of $1, FVA of $1. PVA of $1, EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: a. Determine the price at which the lessor is "selling" the asset (present value of the lease payments). b. Create a partial amortization schedule through the second payment on January 1, 2017. c. What would be the increase in earnings that the lessor would report in its income statement for the first year ended December 31 (ignore taxes)? Required Required A Required B Determine the price at which the lessor is "selling" the asset (present value of the lease payments). (Round your answers to nearest whole number and round percentage answer to 1 decimal place.) PV factors based on Table or Calculator function Lease Payment PVAD of $1 40,000 6 7.0% PV of Lease 204,008 FA Required A Required B Required C Create a partial amortization schedule through the second payment on January 1, 2017. (Enter all amounts as positive values. Round your answers to nearest whole number.) Cash Interest Received Outstanding Balance Effective Interest Decrease Date in Balance 204,008 01/01/2016 01/01/2016 $ 40,000 $ $ 40,000 164,008 01/01/2017 40,000 11,481 28,519 135,489 Required A Required B Required C What would be the increase in earnings that the lessor would report in its income statement for the first year ended December 31 (ignore taxes)?(Round your answers to neoreret whole number. Pretax impact on income related to the lease: Cost of goods sold Interest revenue Sales revenue 0 Total pretax impact on income