Robinsons, an electrical supply company, sold $7,400 of equipment to Jim Coates Wiring, Inc. Coates signed a promissory note May 12 with 4.6% interest. The due date was August 10. Short of funds, Robinsons contacted Capital One Bank on July 20; the bank agreed to take over the note at a 6.3% discount. (Use Days in a year table.)

What proceeds will Robinsons receive? (Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent.)