32. On September 1, 2006, Thele Company received an $70,000, 12%, 120-day note from a credit customer wishing to extend its repayment period. On October 1, 2006, thirty days after the note was received, Thele discounted the note at the bank at 13%. How much cash did Thele Company receive from the bank?

a.	$72,800
b.	$70,434
c.	$72,100
d.	$79,317