On January 1,2024, Wildhorse Company issued for cash a $1,220,000,3-year note bearing annual interest at 8% to indigo, Inc The market rate of interest for a note of similar risk is 9%. What casti would have been recorded on the lssue date of the note? fRound present value foctor calaulations to 5 decimal places, eg. 1.25124 and the final answer to 0 decimal placeseg. 58,971.) Click here to view factor table. Total Proceeds $