Blue Spruce Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 8% and has a carrying value of $73,200. At year-end, Blue Spruce's borrowing rate has increased; the fair value of the note payable is now $69,400. Determine the unrealized holding gain or loss on the note. Unrealized holding $ e Textbook and Media List of Accounts Prepare the entry to record any unrealized holding gain or loss. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit