E6-17 Notes receivable Bork Furniture Company received a 120-day, 6% note for $80,000 dated April 20 from Valley Designs to replace an account receivable. a. Illustrate the effects of accepting the note from Valley Designs on the accounts and financial statements of Bork Furniture Company. b. Determine the due date of the note. c. Determine the maturity value of the note. To simplify, use 360 days per year to compute interest. d. Illustrate the effects of receiving payment of the note from Valley Designs at its maturity on the accounts and financial statements of Bork Furniture Company