IV. Show your complete and organized solution inn answering the following. (5 points each) 1. Whitewater Raft Supply granted an extension of an open account by accepting a 60 -day, 5 percent note for $1,800, dated April 20 from Bowers River Co. Whitewater Raft Supply sold the note to New National Bank on May 5 . The bank charged a discount rate of 6 percent. How much is the proceeds of the sale