On May 8, the Baginski Company received a 90-day, 10 percent P.O. 1d,f note for $7,500, dated May 8, for merchandise sold to the Burr Company. Bag¬

inski endorsed the note in favor of its bank on May 28. The bank discounted Discount a note at the bank, the note at 9 percent, paying the proceeds to Baginski. Determine the following facts:

a. Number of days the Baginski Company held the note

b. Number of days in the discount period

c. Face value

d. Maturity value

e. Discount

f. Proceeds g. Interest income or expense recorded by the payee (the Baginski Company)