Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2021. The manufacturing cost of the computers was $18 million. This noncancelable lease had the following terms:

• Lease payments: $2,927,388 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: 7% semiannually.
• Fair value of the computers at January 1, 2021: $22 million.

What is the interest revenue that Technoid would report for this lease in its 2021 income statement? (Round your answer to the nearest whole dollar.)

Multiple Choice

• $0.

• $2,558,704.

• None of these answer choices is correct.

• $1,335,083.