Mike Kornas signed a 12-month, 9% p.a. simple interest promissory note for $9,725 with MacDonalds Furniture. After 85 days, MacDonalds Furniture sold the note to the Royal Bank at a rate of 11%, then Royal Bank resold the note to Friendly Finance Company 42 days later at a rate of 6.25%. Find the gain or loss on this note for each company and bank involved, as well as a rate of return realized. (Dont forget to add 3 grace days to the term of promises note