Capital lease for lessor: initial on income statement - sales-type vs direct financing

CFA Level II
#1

From the lessor point of view, how to recognize the direct financing lease on income statement initially?

For sales type: PV of lease payment goes to revenue and cost goes to COGS. For direct financing, what needs to be done on IS at the inital of the lease?

Many thanks.

#2

Nothing. from lessor’s perspective, it is like giving a loan. At inception, one does not recognize int revenue.