Randy Industries leased equipment to Lilly Company on January $1,2024.$ Randy recorded the lease as sales$-$type lease at $$150,000,$ the present value of lease payments discounted at $6\%.$ The lease calls for ten annual lease payments of $$20,000$ due beginning January $1,2024,$ the beginning of the lease, and at each December $31$ thereafter through $2032.$ The asset being leased cost Randy $$120,000$ to produce. Costs of $$800$ for legal fees for the lease execution were the responsibility of the lessor. The total increase in earnings $($pretax$)$ on Randy' $2024$ income statement would be:

$$38,000$

$$28,000$

$$37,000$

$$8,000$