On January $1,2014,$ Simmons Company acquired a truck for a total cost of $$20,000.$ The seller agreed to allow Simmons to pay for the truck over a two$-$year period at $10\%$ interest with equal payments of $$11,524$ due at the end of $2014$ and $2015$ on December $31$st of each year. Determine the Carrying Value of the note payable on Simmons$$ balance sheet as of December $31,2014$ after the first payment has been made: