L. Reagan Company used leases as a method of selling products. In 2016, th construction of a passenger ferry. On January 1, 2016, the ferry was leased Line on a contract specifying that ownership of the ferry will transfer to the the lease period. Annual lease payments do not include executory costs. Original cost of the ferry 8,000,000 Fair value of ferry at lease date 12.555.000 Lease payments payable in advance 1,500.000 Estimated residual value 2,000,000 Implicit interest rate 1296 Date of first lease payment 1/1/2016 Lease term 20 years 17. What is the unearned interest income on January 1, 2016? 18. What is the gross profit on sale for 2016? 19. What is the interest income for 2016