1.TheGolden Storewishes to discount two notes receivable arising from the sale of merchandise in order to meet some maturing obligations.

Both notes have a face amount of P100,000 each and are due in one year.

Note A is a non-interest bearing note while Note B is to be paid with an interest of 12%.

The bank rate in discounting notes is 12%.

Assuming that the notes were discounted ten months prior to maturity,the proceeds from Note A as discounted is?

Assuming that the notes were discounted ten months prior to maturity,the proceeds from Note B as discounted is?