Teal Company commonly issues long$-$term notes payable to its various lenders. Teal has had a pretty good credit rating such that its effective borrowing rate is quite low $($less than $8\%$ on an annual basis$).$ Teal has elected to use the fair value option for the long$-$term notes issued to Barclay's Bank and has the following data related to the carrying and fair value for these notes. Any changes in fair value are due to changes in market rates, not credit risk.

$\backslash$table$[[,\backslash$table$[[$Carrying Value$],[($thefore tair value edhuntmenil$]],$Fair Value$],[$December $31,2025,$$$55,500,$$$55,500$