Indigo 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 $$12,000.$ At year$-$end, Indigo's borrowing rate $($credit risk$)$ has declined; the fair value of the note payable is now $$13,200.$

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

Unrealized holding gain or loss $