On January 1, 2024, Vaughn Company sold property to Ivanhoe Company. There was no established exchange price for the property, and Ivanhoe gave Vaughn a $4900000 zero-interest-bearing note payable in 5 equal annual installments of $980000, with the first payment due December 31,2024 . The prevailing rate of interest for a note of this type is 10%. The present value of the note at 10% was $3714974 at January 1, 2024. What should be the balance of the Discount on Notes Payable account on the books of Ivanhoe at December 31, 2024 after adjusting entries are made, assuming that the effective-interest method of amortization is used? Click here to view factor table. $813529$1185026$0$705668