Need help with section B please

Current Attempt in Progress Ivanhoe Co. purchased a machine on January 1, 2021. for $2,000,000 for the express purpose of leasing it. The machine is expected to have a 5-year life, no salvage value, and be depreciated on a straight-line monthly basis. On April 1, 2021. under a cancelable lease. Ivanhoe leased the machine to Concord Company for $760,000 a year for a 4-year period ending March 31, 2025. Ivanhoe incurred total maintenance and other related costs under the provisions of the lease of $27,000 relating to the year ended December 31, 2021. Concord paid $760,000 to Ivanhoe on April 1, 2021. (a) Your answer has been saved. See score details after the due date. Assuming an operating lease. what should be the income before income taxes derived by Ivanhoe Co. from this lease for the year ended December 31, 2021? Income before income taxes $ 243000 Attempts: 1 of 1 used (b) What should be the amount of lease expense incurred by Concord from this lease for the year ended December 31, 2021? Lease expense $