Can someone help me with this question, please? I know the answer is 75,000 but can you show me how? how would this look in journal entry?

Please show your work and thanks in advance!

23. A lessor has executed a financing lease (sales-type) with an unguaranteed residual value. The asset's expected residual value is $5,000. The present value of the ten annual lease payments is $75,000 and the present value of the residual value is $2,200. The normal selling price of the asset is $77,200. In the first year of the lease, the lessor should report Lease Revenue equal to a. $77,200 b. $80,000 c. $70,000 d $75,000 e. $ 5,000