What is the pretax earnings?

A Type A lease agreement calls for annual lease payments of dollar 34,917 over a(n) six-year lease term, with the first payment at January 1, the beginning of the lease, and subsequent payments at January 1 in each of the following five years The interest rate is 6%. Assume the asset being leased cost the lessor S 164,600 to manufacture and that the agreement causes the lessee to obtain control" of the leased asset. (FV Of dollar 1. PV of dollar 1. FVA Of dollar 1. PVA Of dollar 1. FVAD of dollar 1 and PVAD of S1t (Use appropriate factors) from the tables provided.) Respond to the question with the presumption that the guidance provided by the proposed Accounting Standards Update is being applied. Determine the price at which the lessor is 'selling" the right to use the asset (present value of the lease payments). Selling price dollar 182,000V What would be the amounts related to the lease that the lessor would report in its income statement for the first year ended December 31 (ignore taxes)? (Round your intermediate calculations to the nearest dollar amount.)