On January 1, 2014, Alvin Corp

On January 1, 2014, Alvin Corp.sold property to Marvin Ltd., for which Alvin had originally paid $570,000.There was no established exchange price for this property.Marvin gave Alvin a $900,000, zero-interest-bearing note, payable in three equal annual instalments of $300,000, with the first payment due December 31, 2014.The note also has no ready market.The market rate of interest for a note of this type is 10%.The present value of a $900,000 note payable in three equal annual instalments of $300,000 at 10% is $746,056.To the nearest dollar, and using the effective interest method, how much interest revenue should Alvin recognize in 2014?

A) $ 0
B) $30,000
C) $74,606
D) $90,000