On May $12,$ Scott Rinse accepted an $$14,500,12\%,90-$day note for a time extension of a bill for goods bought by Ron Prentice. On June $12,$ Scott discounted the note at Able Bank at $11\%.($Use Days in a year table.$)$

What proceeds does Scott receive?

Note: Use $360$ days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.