On January 1, 2021, Princess Corporation leased equipment to King Company. The lease term is 11 years. The first payment of $738,000 was made on January 1, 2021. The equipment cost Princess Corporation $5,094,191. The present value of the lease payments is $5,474,231. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 9%, how much interest revenue will Princess record in 2022 on this lease?(Round your answer to the nearest whole dollar amount.)

Multiple Choice

• $394,714.
• $426,261.
• $311,739.
• $398,204.