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KFA Company leased equipment to A company on January 1, 2019, and properly recorded the sales-type lease at $146,710. Annual lease payments of $25,000 due
KFA Company leased equipment to A company on January 1, 2019, and properly recorded the sales-type lease at $146,710. Annual lease payments of $25,000 due at the beginning of each year and the first payment was received on January 1, 2019. What amount of interest revenue from the lease should KFA report in its 2019 income statement assuming the discount rate is 10%? (round your answers to the nearest dollar) A. $14,671. B. $25,000. C. $8,890. D. $12,171. E. None of these answers is correct.
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