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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 1,2025, for a ten-year period expiring December 31,2034. Equal annual payments under the lease are $326000 and are due on January 1 of each year. The first payment was made on January 1,2025. The rate of interest used by Sunland and Conecuh is 9%. The cash selling price of the machinery is $2282000 and the cost of the machinery on Sunland's accounting records was $1882000. 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 31,2025?
$176040
$175901
$191460
$46260
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