Crane Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of $10\%$

and has a carrying value of $$21,000.$ At year$-$end, due to a change in credit risk, Crane's borrowing rate has declined; the fair value of

the note payable is now $$22,900.$

$($a$)$

Your answer is incorrect.

Determine the unrealized holding gain or loss on the note. $($Enter loss using either a negative sign preceding the number e$.$g$.-2,945$ or

parentheses e$.$g$.(2,945).)$

Unrealized Holding Gain or Loss $,$$