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Ireland Corporation obtained a $55,000 note receivable from a customer on June 30, 2018. The note, along with interest at 4%, is due on June

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Ireland Corporation obtained a $55,000 note receivable from a customer on June 30, 2018. The note, along with interest at 4%, is due on June 30, 2019. On September 30, 2018, Ireland discounted the note at Cloverdale bank. The bank's discount rate is 8%. What amount of cash did Ireland receive from Cloverdale Bank? Multiple Choice 553768. S51,568. 555 550

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