Use the following information to solve MCQ5 to MCQ9

ABC Corporation (lessee) enters into an agreement with Yates Rentals Co. (lessor) on January 1, 2018, for the purpose of leasing a machine to be used in its manufacturing operations. The following data pertain to the agreement:

(a) The term of the noncancelable lease is 5 years with annual payments due on January 1st of each year.

(b) The fair value and the cost of the machine on January 1, 2018, is $1,500,000. The machine has an economic life of 6 years, with an unguaranteed residual value of $100,000. The machine reverts to the lessor upon the termination of the lease.

(c) depreciation for all machinery it owns on a straight-line basis in both companies.

(d) Yates Rentals Co's implicit rate is 8%.

(e) Yates finds out that the collectibility of future lease payments is probable.

(roundup answers to nearest 1$)

the lessor record interest revenue for year 2020 of??