*Practice Brief Exercise 14-4 Bridgeport Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 7% and has a carrying value of $71,300. At year-end, Bridgeport's borrowing rate has increased; the fair value of the note payable is now $69,500. Your answer is correct. Determine the unrealized holding gain or loss on the note. Unrealized holding a 800 Your answer is partially correct. Try again. Prepare the entry to record any unrealized holding gain or loss. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Unrealized Holding Gain or Loss Income 80