Reardon Company leased an asset from Mackinac Company. Data:

Five$-$year, noncancellable lease begins $\frac{1}{1}\frac{?}{22}.$ Asset life is five years

Payments of $$20,711$ each January $1.$

Asset FMV $$100,000$; Lessor book value $$85,000$

Guaranteed salvage value $$5,000$;$$1,500$ salvage value expected by lessee

Applicable rate is $4\%$

Mackinac's $2022$ Interest Revenue will be approximately

Select one:

a$.$ $$3,299$

b$.$ $$3,122$

c$.$ $$3,172$

d$.$ $$3,056$

e$.$ $$3,007$