Island Corporation owes Mutual Bank a 10% note payable for $100,000 plus $8,000 accrued interest. On October 1, 20X1. Island and Mutual Bank execute an agreement whereby Island will pay Mutual $128,000 on the due date of the note on October 1, 203. If the present value interest factor for two years at 10% is 0.82645 , what will be the new note receivable balance for Mutual Bank? Multiple Choice $105,786 $128,000 $108,000 $89,256