On December $31,2020,$ Bonita Company borrowed $$70,847$ from Pairs Bank, signing a $5-$year, $$114,100$ Zero$-$Interes$-$Bearing note. The notes was issued to yield $10\%$ interest. Unfortunately,during $2022,$Bonita began to experience difficulty. As a result, at December $31,2022,$ Paris Bank determined that it was probable that it would receive back only $$85,575$ at maturity. The market rate of interes on loans of this nature is now $11\%$