Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2018, and the principal and interest are due at maturity. For each, determine the proceeds received from the bank on discounting the note. (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar.) Note Date of Note Discount Rate Proceeds Received Note Face Value $ 70,000 70,000 70,000 96,000 96,000 96,000 3/31/2018 3/31/2018 3/31/2018 6/30/2018 6/30/2018 6/30/2018 Rate 8% 8% 8% 5% 5% 5% Date Discounted 6/30/2018 9/30/2018 9/30/2018 10/31/2018 10/31/2018 11/30/2018