On July 1, 2011, RHM corp. sold equipment to BP co. for P 250,000. RHM accepted a 10% notes receivable for the entire sales price. This note is payable in two equal installments plus accrued interest on December 31, 2011 and December 31, 2012. On July 1, 2012, RHM discounted the note at a bank at an interest rate of 12%. 31. How much was RHM's proceeds from the discounted