On December 31, 2020, Blossom Company signed a $1,022,000note to Blue Bank. The market interest rate at that time was11%. The stated interest rate on the note was9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Blossom's financial situation worsened. On December 31, 2022, Blue Bank determined that it was probable that the company would pay back only $613,200of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,022,000loan.

Determine the amount of cash Blossom received from the loan on December 31, 2020.