On May 15, Franklin Co. borrowed cash from Dakota Bank by issuing a 30-day note with a face amount of $39,600. Assume a 360-day year. Required: a. Determine the proceeds of the note, assuming that the note carries an interest rate of 7%. $fill in the blank 1 b. Determine the proceeds of the note, assuming that the note is discounted at 7%. $fill in the blank 2