earl 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 $18,000. At year-end, due to a change in credit risk, Pearl's borrowing rate has declined; the fair value of the note payable is now $19,600. (a) 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.8. (2,945).) Unrealized Holding Gain or Loss $ eTextbook and Media List of Accounts Attempts: unlimited (b) The parts of this question must be completed in order. This part will be avallable when you complete the partabove