engageNowv2 I Onlir e Leaning Show Me How Proceeds from Notes Payable On September 1, Vibrant Salon Company issued a 60-day note with a face amount of $88,800 to Osborne Hair Products Company for merchandise inventory Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 5% b. Determine the proceeds of the note, assuming the note is discounted at 5%