Item1 Time Remaining 2 hours 17 minutes 20 seconds 02:17:20 Item Skipped eBook Item 1 Time Remaining 2 hours 17 minutes 20 seconds 02:17:20 Karla Salons leased equipment from Smith Company on July 1, 2024, in a finance lease. The present value of the lease payments discounted at 10% was $81,100. Ten annual lease payments of $12,000 are due each year beginning July 1, 2024. Smith Company had constructed the equipment recently for $66,000, and its retail fair value was $81,100. What amount of interest revenue from the lease should Smith Company report in its income statement for the year ended December 31, 2024? Multiple Choice $12,000 $4,055 $3,455 $8,110