Current Attempt in Progress Metlock Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 12% and has a carrying value of $18,000. At year-end, Metlock's borrowing rate (credit risk) has declined; the fair value of the note payable is now $19,900. (a) Determine the unrealized holding gain or loss on the note. (Enter loss using either a negative sign preceding the number eg. -2,945 or parentheses eg. (2,945).) Unrealized Holding Gain or Loss $ (b) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above