Ryu leased equipment that had a retail cash selling price of $1,108,000 and a useful life of five years with no residual value. The lessor paid $1,017,000 to acquire the equipment and used an implicit rate of 6% when calculating annual lease payments of $248,146 beginning January 1, at the beginning of the lease. Incremental costs of negotiating and consummating the completed lease transaction incurred by the lessor were $10,800. What is the effect of the lease on the lessor's earnings during the first year (ignore taxes)? Note: Round your answer to the nearest whole dollar amount. Multiple Choice Increase in earnings by $131,791 Increase in earnings by $153,391 Decrease in earnings by $142.591 Decrease in earnings by $66,480