Island Corporation owes Mutual Bank a 10% note payable for $100,000 plus $8.000 accrued interest. On October 1, 20X1. Island and Mutual Bank execute an agreement whereby Island will pay Mutual $128.000 on the due date of the note on October 1, 20x3. What will be Island's carrying value of the restructured note? Multiple Choice $100.000 $108.000 $100,000 $108,000 $118,000 $128,000