4. In negotiating a 90-day loan, Dale Rodgers has the option of either (1) issuing an $8,000, non-interest- bearing note that will be discounted at the rate of 6%, or (2) issuing an $8,000 note bearing interest at the rate of 6% that will be accepted at face value. (a) What would be the amount of his interest expense in each case? (b) What would be the amount of the proceeds in each case? (c) Which of the two alternatives is more favorable to Rodgers? (d) Assuming that he adopts the first alternative, give the entry, in general journal form, at the time the note is issued and at the time the note is paid. (a) (b) (c)