Computing the Proceeds from the Sale of Notes Receivable Below are several customer notes receivable that were sold without recourse. 1. An $7,000, 60-day, non-interest-bearing note sold after 15 days at 12%. 2. A $10,000, 12%, 60-day note sold after 30 days at 14%. 3. A $6,000, 10%, 90-day note sold after 30 days at 12%. 4. A $18,000, 12%, 120-day note sold after 45 days at 15%. Required: Determine the proceeds from each of the preceding sales of customer notes receivable. (Assume a 360-day year.) Do not round intermediate calculations. When required, round your final answers to the nearest dollar. If an amount is zero, enter "0". Note 1 Note 4 Face Value of Note Interest to Maturity Maturity Value Discount Proceeds Note 2 Note 3 $ 7,000 S 10,000 $ 6,000 $ 18,000 0