On December 31, 2020, Consultants Inc., received two notes from customers in exchange for services rendered. First, the note from Taylor Corp. is a two-year, $8,000 note with a 4% stated rate. Cash interest is due each December 31 beginning December 31, 2021, and the entire principal is due December 31, 2022. The second note is a two-year, noninterest-bearing note with a stated value of $5,000 from Blain Inc. The market rate for similar notes from both customers is 8% on December 31, 2020. At what amounts should the two notes be reported on Consultants Inc.'s December 31, 2020, balance sheet?

Select one: a. Taylor Note Blain Note $7,429 $4,287 b. Taylor Note Blain Note $8,000 $4,287 C. lor Note Blain Note $8,604 $5,000 d. Taylor Note Blain Note $8,888 $3,969 e. Taylor Note Blain Note $8,000 $5,000