Can someone help me with this question, please? It says the answer is D )1,400 but I don't know how it got that? Show your work please and thanks in advance!

Given ANSWER -----> d) 1,400

In late 2017, MedEquip, Inc. signed a contract with a local hospital in which MedEquip agrees to (a) deliver and install specialized medical equipment and (b) provide four years of secure data storage for all patient readings captured by the equipment. On 1/1/2018, MedEquip completed the installation of the equipment. Also on 1/1/2018, MedEquip received $8.000 cash and a note receivable from the customer. The note receiva annual payments of $5,000, commencing on 12/31/2018. The note has a present value of $13.600 using a 5% discount rate. For clarity, the total cash receipts under the contract are $23,000 (S8,000 cash + 3 x $5,000 annual receipts on note receivable). The medical equipment (delivered and installed) and the data storage service should be treated as separate performance obligations. 26. How much interest revenue, in total, should MedEquip recognize over the life of the contract? a. 15,000 b. 750 c. 1.150 d. 1,400