uestion 4 Adams Industries leased equipment to Lucas Company on January 1, 2022. Adams recorded the lease as sales-type lease at $72,000, the present value of lease payments discounted at 8%. The lease calls for ten annual lease payments of $10,000 du each January 1, with the first payment at January 1, 2022, the beginning of the lease. The asset being leased cost Adams $60,000 to produce. Costs of $960 for legal fees for the lease execution were the responsibility of the lessor. The total increase in earnings (pretax) on Adams' 2022 income statement would be: $16,000 $15,000 $17,000 $4,960