On December 31, 2023, Sandhill Corporation sold for $120000 an old machine having an original cost of $216000 and a book value of $96000. The terms of the sale were as follows: $24000 down payment, $48000 payable on December 31 each of the next two years. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. The agreement of sale made no mention of interest; however, 8% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2023, rounded to the nearest dollar? $85596 $96000 $109596 $171193