On January 1, 2019, TMX issued a note payable with a maturity date of December 31, 2021 and with a principal (maturity value of \ $ 40,000 in exchange for \ $ 30,052. The note has no established interest (non-interest bearing note) and was issued only in exchange for cash. The implicit interest rate for the bond is 10%. The company uses the effective interest method to account for the document. Determine the book value of the debt (approximate) that the company will report in the Statement of Financial Position for December 31, 2019