On January $1,2019,$ Lessor Co$.$ signs an $8-$year lease with Lessee Co$.$ for equipment with an estimated useful life of $10$ years. Lessee has completed the service or lease analysis and concluded it is a lease.

Lessee paid a commission of $$1,850$ to an agent to set up the lease.

Annual rental payments of $$57,600$ are to be paid every January $1$ starting January $1,2019.$ The payments include $$1,000$ each year for maintenance payments, paid in advance.

The fair market value of the asset at the inception of the lease is $$350,000.$ The asset cost the lessor $$200,000$ as many assets were purchased into inventory at the same time.

At the end of the lease, the lessor will have a residual value in the asset of $$22,000$ representing the value remaining for the final years of useful life. The Lessee is not aware of this value and does not guarantee it$.$

The lease contains no bargain purchase option. The equipment will return to Lessor Co$.$ at the end of the lease.

Both companies use straight$-$line depreciation for any assets.

Lessee Co$.\text{'}$s incremental borrowing rate is $12\%.$ The rate implicit in the lease is $9\%$ and the Lessee is aware of this interest rate in the lease. Both companies have December $31$ year ends.

Assuming a finance lease for the Lessor and not including the first cash payment for the lease, what amount should be recorded to Sales for the Lessor?