On January 1,2015,Lessor Corporation Entered into a Lease Which Was

On January 1,2015,Lessor Corporation entered into a lease which was treated as a sales-type lease by Lessor Corporation;the leased asset's book value within Lessor Corporation's financial statements was $350,000 as of January 1,2015.The lease required the lessee to make ten annual payments of $50,000;the first payment was due at the beginning of the lease term and each January 1 thereafter.The present value of the minimum lease payments was $362,345.The implicit rate of interest,known to the lessee,was 8%,while the lessee's incremental borrowing rate was 10%.The increase in Lessor Corporation's net income for the year ended December 31,2015 was approximately

A) $12,345.
B) $37,333.
C) $41,333.
D) $24,988.