Ireland Corporation obtained a $56,000 note receivable from a customer on June 30, 2016. The note, along with interest at 5%, is due on June 30, 2017. On September 30, 2016, Ireland discounted the note at Cloverdale bank. The bank's discount rate is 9%. What amount of cash did Ireland receive from Cloverdale Bank? Multiple Choice $54,831 $52,031 $50,960 $56,700