A well known company sold goods to a client in exchange for a 5-year, zero-interest-bearing note on January 1, 2021. The note has a face value of $338,000. The company imputes a 10% interest rate on this zero-interest note transaction. Present value factor for 10% and 5 years, single sum is 0.62.

For journal entry made on 12/31/2022, the company will record Discount on Notes Receivable by $______? Please show all work and don't round at any point.