with complete solution please

On January 1, 2020, GLOBALMEDIAARTSADDIAYANGGMA Company leased an asset to another entity. Annual rent is payable at the end of each year ???? Cost of machinery 608,000 Lease term 4 years Useful life of machinery 4 years Implicit interest rate before IDC 12% Initial direct costs *26,000 Round off to two decimal places Compute for the interest income for the year ended 2020