17. For the year ended Dec. 31,2019. What is the amount of interest income that ABC Co recorded regarding leased equipment to XYZ Inc. for ten years, and the title will pass to XYZ Inc. ABC CO requires ten equal annual payments of $33,300 on July 1 of each year, and XYZ made the first payment on July 1, 2019. Assume that the present value at July 1, 2019, of the rent payments over the lease term is discounted at 6% (the appropriate interest rate) was $275,000 (3 Points) $13,320 $8,991 $11,000 $23,976 17. For the year ended Dec. 31,2019. What is the amount of interest income that ABC Co recorded regarding leased equipment to XYZ Inc. for ten years, and the title will pass to XYZ Inc. ABC CO requires ten equal annual payments of $33,300 on July 1 of each year, and XYZ made the first payment on July 1, 2019. Assume that the present value at July 1, 2019, of the rent payments over the lease term is discounted at 6% (the appropriate interest rate) was $275,000 (3 Points) $13,320 $8,991 $11,000 $23,976