On August $1,$ Batson Company issued a $60-$day note with a face amount of $$140,000$ to Jergens Company for merchandise inventory. $($Assume a $360-$day year is used for interest computations.$)$

a$.$ Determine the proceeds of the note assuming the note carries an interest rate of $6\%.$

b$.$ Determine the proceeds of the note assuming the note is discounted at $6\%.$