On July 1, 2023, Carla Vista Ltd., a dealer in machinery and equipment, leased equipment to Trudeau Inc. The lease is for ten years, and at the end of the lease period, title will pass to Trudeau. Carla Vista requires ten equal annual payments of $61100 on July 1 of each year, and Trudeau made the first payment on July 1, 2023. Carla Vista had purchased the equipment for $387000 on January 1, 2023, and established a selling price of $505000 (which was fair value at July 1, 2023). Assume that, at July 1, 2023, the present value of the rent payments over the lease term discounted at 8% (the appropriate interest rate) was $442785. The useful life of the equipment is 12 years. For the year ended December 31, 2023, what is the amount of gross profit that Carla Vista should record regarding this lease?