Grouper 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 carrying value of $$19000.$ At year$-$end, Grouper's borrowing rate $($credit risk$)$ has declined; the fair value of the note payable is now $$20800.$ Determine the unrealized holding gain or loss on the note. Prepare the entry to record any unrealized holding gain or loss.