On July 1, 2022, Wheeler AG purchased €4,000,000 of Duggen Company’s 8% bonds, due on July 1, 2027. The bonds, which pay interest semiannually on January 1 and July 1, were purchased for €3,604,062 to yield 10%. Determine the amount of interest revenue Wheeler should report on its income statement for year ended December 31, 2022, assuming Wheeler plans to hold this investment to collect contractual cash flows.