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LeaseCo Industries leased equipment to UserCorp. on July $1,2018.$ LeaseCo recorded the lease as a sales$-$type lease at $$900\mathrm{.}000,$ the present value of lease payments discounted at $10\%.$ The lease called for ten annual lease payments of $$150,000$ due each July $1.$ The first payment was received on July $1,2018.$ LeaseCo had manufactured the equipment at a cost of $$680,000.$ What is the total increase in earnings $($pretax$)$ on LeaseCo's December $31,2018,$ income statement?

Multiple Choice

$$ $$154,000$

$$257,500$

$$157\mathrm{.}500$

$$195\mathrm{.}000$