Reliable Industries purchased a supply of electronic components from Tomorrow Corporation on October 31, 2021. In payment for the $1,080,000 million purchase, Reliable issued a 1-year installment note to be paid in equal monthly payments of 95,957 at the end of each month. The payments include interest at the rate of 12%. What is the balance of notes payable on December 31, 2021 balance sheet? (Do not add dollar sign; do not add comma by yourself to your amount round the answer to the whole number)