On December 1, 2022. Hocking Incorporated obtalned a four-month working capital loan from its bank. The face amount of the note signed by the treasurer was $101,000. The interest rate charged by the bank was 6%. The bank made the loan on a discount basis. Required: o. Calculate the loan proceeds made avallable to Hocking on December 1, 2022 b. Calculate the amount of interest expense applicable to this loan during the fiscal year ended December 31,2022. c. What is the amount of the current lability related to this loan to be shown in the December 31,2022 , balance sheet