On June 30, 2018, a lessor leases equipment to a lessee. The equipment was originally purchased for $250,000. The equipment has a carrying value of $170,000, an economic life of five years, and a lease term of three years. The lessee has an incremental borrowing rate of 10% and there is a purchase option for $80,000 at the end of the lease that is reasonably expected to be executed by the lessee at that time. The annual lease payment is $50,000, with the first payment due in one year. What is the gross profit the lessor recorded on June 30, 2018? O $14,448 $45,657 O $30,000 $0 O $3,118