On December 31, 2019, Angel Corporation leased equipment to Admiral Company for a five-year period. The annual lease payment, excluding nonlease components, is $40,000. The interest rate for this lease is 10%. The payments are due on December 31 of each year. The first payment was made on December 31, 2019. The normal cash price for this type of equipment is $125,000, while the cost to Angel was $105,000. For the year ended December 31, 2019, by what amount will Angel's earnings increase due to this lease (ignoring taxes)