Chapter 14 Question 11 of 12 -71 View Policies Current Attempt in Progress Whispering Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carryine value of $12.000. At year-end, Whispering's borrowing rate (credit risk) has declined the fair value of the note payable is now $13.200. Determine the unrealized holding sain or loss on the note. (Enter loss using either a negative sign preceding the number e3.-2.945 or parentheses es. (2.9451) Unrealized Holding Gain or loss $ eTextbook and Media List of Accounts Prepare the entry to record any unrealized holding gain or loss. (If no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit