On January 1, 2016, Princess Corporation leased equipment to King Company. The lease term is 11 years. The first payment of $724,000 was made on January 1, 2016. The equipment cost Princess Corporation $4,332,600. The present value of the minimum lease payments is $4,652,600. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 13%, how much interest revenue will Princess record in 2017 on this lease?