On January 1, 2024, Blue Spruce Company sold property to Oriole Company which originally cost Blue Spruce $2760000. There was no established exchange price for this property. Oriole gave Blue Spruce a $4170000 zero-interest-bearing note payable in three equal annual installments of $1390000 with the first payment due December 31,2024 . The note has no ready market. The prevailing rate of interest for a note of this type is 10%. The present value of a $4170000 note payable in three equal annual installments of $1390000 at a 10% rate of interest is $3456724. What is the amount of interest income that should be recognized by Blue Spruce in 2024 if the effective-interest method is used? $345672 $0 $139000 $417000