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TB MC Qu. 15-36 (Algo) Technoid Inc. sells computer... 24 Technold Inc sells computer systems. Technoid leases computers to Lone Star Company on January 1,

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TB MC Qu. 15-36 (Algo) Technoid Inc. sells computer... 24 Technold Inc sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $19 million This noncancelable loase had the following terms. Lease payments: $3,173,776 semiannually, first payment at January 1, 2021; remaining payments at June 30 and December 31 each year through June 30, 2025 Lease term: 5 years (10 semiannual payments). No residual value; no purchase option Economic life of equipment 5 years, Implicit interest rate and lessee's incremental borrowing rate: 8% semiannuaily. Fair value of the computers at January 1, 2021: $23 million. What is the interest revenue that Technold would report for this lease in its 2021 income statement? (Round your answer to the nearest whole dollar) Multiple Choice $0 $3,045182

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