On January 1, 2024, Coronado Company sold property to Pharoah Company which originally cost Coronado $2650000. There was no established exchange price for this property. Pharoah gave Coronado 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 Coronado in 2024 if the effective-interest method is used?