On January $1,2018,$ Princess Corporation leased equipment to King Company. The lease term is ten years. The first payment of $$700,000$ was made on January $1,2018.$ The equipment cost Princess Corporation $$4,300,000.$ The present value of the lease payments is $$4,731,300.$ 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?

Multule Cholce

$$ $$296,870$

$$373,443$

$$403,130.$

$$473,130.$