Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2021, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note.

Interest Rate Date Discounted Note Note Face Value Date of Note Discount Rate 3/31/2021 3/31/2021 3/31/2021 6/30/2021 6/30/2021 $50,000 50,000 8% 10% 10 12 10 12 10 6/30/2021 2 9/30/2021 10/31/2021 10/31/2021 11/30/2021 50,000 4 80,000 80,000 80,000 6/30/2021 00 00 O D6