ABC Comany leased machinery to XYZ Company on January 1, 2022. Equal annual payments under the lease are $75,000 and are due on January 1 of each year, starting on January 1, 2022. The implict rate used hy ABC is 9%. Assuming the present value of the minimum lease payments is $525,000, what amount of interest revenue would ABC record for the year ended December 31,2022.

a. $0

b. $33,750

c. $40,500