Technoid Inc. sells computer systems. Technoid leases computers to Lone Star Company on January 1, 2018. The manufacturing cost of the computers was $19 million. This noncancelable lease had the following terms:

• Lease payments: $2,836,767 semiannually; first payment at January 1, 2018; remaining payments at June 30 and December 31 each year through June 30, 2022.
• Lease term: 5 years (10 semi-annual payments).
• No residual value; no purchase option.
• Economic life of equipment: 5 years.
• Implicit interest rate and lessee's incremental borrowing rate: 5% semiannually.
• Fair value of the computers at January 1, 2018: $23 million.

What is the interest revenue that Technoid would report for this lease in its 2018 income statement? (Round your answer to the nearest dollar.)

Multiple Choice

• $968,166.

• None of these answer choices is correct.

• $0.

• $1,924,893.