This question

Butch Co. manufactures equipment that is sold or leased. On December 31, 2020, Butch leased equipment to Sparky for a 5-year period ending December 31, 2025, at which d ownership of the leased asset will be transferred to Sparky. Equal payments under the lease are $22,000 and are due on December 31 of each year. The first payment was made on December 31, 2020. The normal sales price of the equipment is $77,000, and cost is $60,000. For the year ended December 31, 2020, what amount of selling profit should Butch realize from the lease transaction? $50,000 $22,000 $17,000 $33,000 2.5 pts D Question 11 MacBook Pro @ $ % 2 3 5 6 8 Q W E R T Y U A S D F G H C K Z X C V B N M