On January $1,2024,$ Bonita Company sold property to Carla Vista Company. There was no established exchange price for the

property, and Carla Vista gave Bonita a $$5900000$ zero$-$interest$-$bearing note payable in $5$ equal annual installments of $$1180000,$

with the first payment due December $31,2024.$ The prevailing rate of interest for a note of this type is $9\%.$ The present value of the

note at $9\%$ was $$4589787$ at January $1,2024.$ What should be the balance of the Discount on Notes Payable account on the books

of Carla Vista at December $31,2024$ after adjusting entries are made, assuming that the effective$-$interest method of amortization is

used?

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$$0$

$$897132$

$$778187$

$$1310213$