Ontario Resources, a natural energy supplier, borrowed $79.7 million cash on November 1, 2018, to fund a geological survey. The loan was made by Quebec Banque under a short-term financing arrangement. Ontario Resources issued a 12-month, 12% promissory note with interest payable at maturity. Ontario Resources' fiscal period is the calendar year.

Required: Calculate the liability that Yummy Rice should report at December 31, 2018.