On January $1,2018,$ Princess Corporation leased equipment to King Company. The lease term is ten years. The first payment of $$800,000$ was made on January $1,2018.$ The equipment cost Princess Corporation $$5,000,000.$ The present value of the lease payments is $$5,407,200.$ The lease is appropriately classified as a sales$-$type lease. Assuming the interest rate for this lease is $10\%,$ how much interest revenue will Princess record in $2019$ on this lease?

Multiple Cholce

$$ $$426,792$

$$460,720.$

$$540,702$

$$339,280.$