Coronado Football Co$.$ had a player contract with Waatts that is recorded in its books at $$8390000$ on July $1,2025.$ Sandhill Football Co$.$ had a player contract with Kurtz that is recorded in its books at $$10950000$ on July $1,2025.$ On this date, Coronado traded Watts to Sandhill for Kirtz and paid a cash difference of $$1095000.$ The fair value of the Kurtz contract was $$12600000$ on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Coronado's books at