Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January $1,2021.$ The manufacturing cost of the computers was $$12$ million. This non$-$cancelable lease had the following terms: Lease payments: $$2466754$ semiannually; first payment at January $1,2021$; remaining payments at June $30$ and December $31$ each year through June $30,2021.$ Lease term: $5$ years $(10$ semi$-$annual payments$)$ No residual value; no bargain purchase option Economic life of equipment: $5$ years Implicit interest rate and lessee's incremental borrowing rate: $5\%$ semi$-$annually Fair value of the computers at January $1,2013$: $$20$ million Collectibility of the rental payments is reasonably assured, and there are no lessor costs yet to be incurred. What is the interest revenue that Technoid would report on this lease in its $2021$ income statement? $($Round your answer to the nearest dollar.$)$ All methods and formulas used must be in compliance with GAAP standards, please no excel or calculator tricks and show how you got your numbers and the answer, please.