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On January 1 , 2 0 2 5 , Waterway Co . sold equipment in exchange for an $ 8 2 0 0 0 0

On January 1,2025, Waterway Co. sold equipment in exchange for an $820000 zero-interest-bearing note due on January 1,2018. The prevailing rare of interest for anote of this type at January 1,2025 was 10%. The present value of $1 at 10% for three periods of 0.75131. What amount of interst revenue should be reported in Waterway's 2026 income statement?

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