Question 11 (2 points) Sheldrick Contracting owes Western Equipment $55,000 payable on June 14. In late April, Sheldrick has surplus cash and wants to settle its debt to Western Equipment, if Western will agree to a fair reduction reflecting the current 3.4% simple interest rate that short-term funds can earn. What amount on April 29 should Sheldrick propose to pay to Western? $39.058.71 $47,233.02 $51,936.35 $54,765.33