Current Attempt in Progress Ivanhoe Company leased machinery to Flint Company on July 1, 2025, for a ten-year period expiring June 30, 2035. Equal annual payments under the lease are $240000 and are due on July 1 of each year. The first payment was made on July 1, 2025. The rate of interest used by Ivanhoe and Flint is 8%. The lease receivable before the first payment is $1739254 and the cost of the machinery on Ivanhoe's accounting records was $1450000. Assuming that the lease is appropriately recorded as a sale for accounting purposes by Ivanhoe, what amount of interest revenue would Ivanhoe record for the year ended December 31, 2025? $119940 $59970 $0 $69570