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View Policies Current Attempt in Progress Sunland Company leased machinery to Conecuh Company on January 1 , 2 0 2 5 , for a ten
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Sunland Company leased machinery to Conecuh Company on January for a tenyear period expiring December Equal annual payments under the lease are $ and are due on January of each year. The first payment was made on January The rate of interest used by Sunland and Conecuh is The cash selling price of the machinery is $ and the cost of the machinery on Sunland's accounting records was $ Assuming that the lease is appropriately recorded as a sale for accounting purposes by Sunland, what amount of interest revenue would Sunland record for the year ended December
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