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6- On August 1, Year 1, vann Corp.'s $500,000 1-year, noninterest-bearing note due July 31, Year 2, was discounted at Homestead Bank a 10.8%. Vann uses the straight-line method of amortizing bond discount. What carrying amount should vann report for notes payable in its December 31, Year 1, balance sheet? (468500)