Question: Could someone help me with this task by explaining it in detail? 22. On June 17, 2020, Pear, Inc. writes a 60-day, 6%, $40,000 note

Could someone help me with this task by explaining it in detail?

22. On June 17, 2020, Pear, Inc. writes a 60-day, 6%, $40,000 note to settle an open account with Solar Solutions. Assuming that Pear, Inc. pays the note in full on its due date and a 360 day year is used to calculate interest, how much cash will Solar Solutions record on its statement of financial position, and on what date will the cash be received?

$40,400 on June 17, 2020.
$42,400 on August 16, 2020.
$40,400 on August 16, 2020.
$42,400 on June 17, 2020.

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