On January 1, 2021, Calloway Company leased a machine to Zone Corporation. The lease qualifies as a sales-type lease. Calloway paid $220,000 for the machine and is leasing it to Zone for $39,000 per year, an amount that will return 9% to Calloway. The present value of the lease payments is $220,000. The lease payments are due each January 1, beginning in 2021. What is the appropriate interest entry on December 31, 2021?

\begin{tabular}{|l|l|l|} \hline Cash & 16,290 & \\ \hline Interest receivable & & 16,290 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Interest receivable & 19,800 & \\ \hline Interest revenue & & 19,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Cash & 19,800 & \\ \hline Interest revenue & & 19,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline Interest receivable & 16,290 & \\ \hline Interest revenue & & 16,290 \\ \hline \end{tabular}