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Sunland Co . leased equipment to Sarasota Co . on July 1 , 2 0 2 5 , and properly recorded the sales - type
Sunland Co leased equipment to Sarasota Co on July and properly recorded the salestype lease at $ the present value of the lease payments discounted at The first of eight annual lease payments of $ due at the beginning of each year of the lease term was received and recorded on July Sunland had purchased the equipment for $ What amount of interest revenue from the lease should Sunland report in its income statement?
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