please solve this question?

256. Company X leased an asset to Y on December 312011 with the first payment occurring on that date. The lease was a sales-type lease (it met all the conditions). The cash payment on December 31,2011 was $1,582 representing 1/1th of the lease arrangement. Assuming that the profit on the sales amounted to 11% of the total lease receivable and the unearned finance revenue was 1.57 times the profit on the sale, prepare the journal entry at the inception of the lease (use the gross profit method). 173