A borrower has two alternatives for a loan: $(1)$ issue a $$185,000,60-$day, $4\%$ note or $(2)$ issue a $$185,000,60-$day note that the creditor discounts at $4\%.$ a$.$ Compute the amount of the interest expense for each option. b$.$ Determine the proceeds received by the borrower in each situation. c$.$ Which alternative is more favorable to the borrower? Explain.