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37. Consider the following for David Company, the Lessor. Type of Lease Operating lease for David and also an operating lease for the lessee. The

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37. Consider the following for David Company, the Lessor. Type of Lease Operating lease for David and also an operating lease for the lessee. The present value of four annual payments of $100.000 each with first payment due at inception of the lease is $348,000 with lease payments discounted at 10%. Over the life of the lease. how much interest revenue would David Company recognize? a. $348,000 b. 5400.000 O C. 5748,000 d. zero e none of the above

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