On May 1, 2023, Crane Corp. leased equipment to Darwin Inc. for one year under an operating lease. Instead of leasing it, Darwin could have bought the equipment from Crane for $797000 cash. At this time, Crane's accounting records showed a book value for the equipment of $702000. Depreciation on the equipment in 2023 was $101000. During 2023 , Darwin paid $23000 per month rent to Crane for the 8-month period, and Crane incurred maintenance and other related costs under the terms of the lease of $18000. The net income before income taxes reported by Crane from this lease for the year ended December 31, 2023, should be $184000$166000$101000$65000