(( 100% kmarks Profiles Tab Window Help selfservic. x W One Hunc X one hund. x My Home X Cengagel x Stephen x akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false w The 7 HX SH 0 eBook Show Me How Print Item Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 60-day note with a face amount of $100,000. Assume a 360-day year. Required: a. Determine the proceeds of the note, assuming that the note carries an interest rate of 6%. b. Determine the proceeds of the note, assuming that the note is discounted at 6%