On January 1, 2021, Princess Corporation leased equipment to King Company. The lease term is 11 years. The first payment of $722,000 was made on January 1, 2021. The equipment cost Princess Corporation $4,451,436. The present value of the lease payments is $4,801,461. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 12%, how much interest revenue will Princess record in 2022 on this lease? (Round your answer to the nearest whole dollar amount.) Multiple Choice $489,535. $461,640. $232,465. $461,650