Nichols Fruits leased farm equipment from King Machinery on January $1,2024.$ The present value of the lease payments discounted at $10\%$ was $$40$ million. Ten annual lease payments of $$6$ million are due at the beginning of each year beginning January $1,2024.$ King had constructed the equipment recently for $$33$ million. The total decrease in earnings $($pretax$)$ in Nichols$2024$ income statement would be: