6. On February 26, Sullivan Company accepted a 60 day, 10% note in exchange for a $1500 past due bill from Tabot Company. On March 28, Sullivan Company discounted at National Bank the note received from Tabot Company. The bank discount rate was 12%. What are (a) the bank discount and (b) the proceeds Sullivan Company received? (Show a time line provided) Facts Solving For Steps 6. On February 26, Sullivan Company accepted a 60 day, 10% note in exchange for a $1500 past due bill from Tabot Company. On March 28, Sullivan Company discounted at National Bank the note received from Tabot Company. The bank discount rate was 12%. What are (a) the bank discount and (b) the proceeds Sullivan Company received? (Show a time line provided) Facts Solving For Steps