The notes receivable held by the Tuttle Company on August 3,201, are summarized below. On August 4 , 201, Tuttle discounted of these notes at Community Bank and Trust at a discount rate of 10 percent. Required: Compute the net proceeds received from discounting each note. Analyze: What is the net interest income or expense to be reported from these transactions assuming all notes are paid when due? Complete this question by entering your answers in the tabs below. Compute the net proceeds received from discounting each note. (Use 360 days a year to compute the discount. Do not round intermediate calculations and round your final answers to 2 decimal places.) \begin{tabular}{|l|l|} \hline & Net Proceeds \\ \hline Note 31 & \\ \hline Note 32 & \\ \hline Note 33 & \\ \hline \end{tabular} Net interest income