I need help computing the loss due to impairment. Thank you!

Exercise 7-27 On December 31, 2017, Sandhill Company signed a $1.199,900 note to Teal Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annua ly. The note matures in 5 years. Unfortunately, because of low er sales, Sandhill's financial situation worsened. On December 31, 2019, Teal Bank determined that it was probable that the company would pay back only $719,940 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the s1,199,900 loan V Your answer is correct. Determine the amount of cash sandhill received from the loan on December 31, 2017. (Round present value factors to 5 decimalplaces, e.g. o.52513 and final answer to o decimal places, e.g. 5,275.) Amount of cash Sandhi received from the loan 1111206