Island Corporation owes Mutual Bank a 10% note payable for $100,000 plus $8,000 accrued interest. On October 1, 2018, Island and Mutual Bank execute an agreement whereby Island will pay Mutual $128,000 on the due date of the note on October 1,2020. If the present value interest factor for two years at 10% is .82645 , what will be the new note receivable balance for Mutual Bank? $89,256 $105,786 $108,000 $128,000