On $1/1/$X$1,$ a company borrowed $$300,000$ cash by agreeing to a $9\%,$ six $(6)$ year installment note with the bank.

The note will be paid back in five $(5)$ equal annual installments of $ $66,876$ on December $31$ of each year beginning December $31,20$X$1.$

Question: After the first installment payment, what will be the carrying value of the note on December $31,20$X$1?$