1. On January 1st, 2016 Cougar Corp receives a three-year, $10,000 zero-interest-bearing note receivable in exchange for services provided to a customer. The present value of the cash flows associated with the note is $7,721.80. The implicit rate that equates the total cash to be received ($10,000 at maturity) to the present value of the future cash flows ($7,721.80) is 9%.

What is the carrying value of the note after interest revenue is recorded for 2016 (round to the nearest dollar)?