Mays Company manufactures machines and then leases them. Mays leases to Park Company a machine with a cost of $700,000 and a fair value of the machine on the date of the lease of $750,000. The lease is for 6 years and the machine is estimated to have an unguaranteed residual value of $75,000. The lease meets the criteria for a Sales Type Lease. The lessors interest rate implicit in the lease is 12%, and lease payments are calculated to be $154,623. What amount of Sales Revenue would Mays Company record when the lease is initiated?