2022 AA ezto.mheducation.com Saved Help Save & Exit Submits On January 1, 2021, Princess Corporation leased equipment to King Company. The lease term is 8 years. The first payment of $744,000 was made on January 1. 2021. The equipment cost Princess Corporation $4,118,482. The present value of the lease payments is $4,488,517. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 9%, how much interest revenue will Princess record in 2022 on this lease? (Round your answer to the nearest whole dollar amount.) Multiple Choice $337,007 $406,993 $300,377 $299.387 < Prev 28 of 36 Next >