The notes receivable held by the Tuttle Company on August 3, 20X1, are summarized below. On August 4, 20X1, Tuttle discounted all of these notes at Community Bank and Trust at a discount rate of 12 percent. Note No. 31 Date Apr. 4, 20x1 Face Amount $39,000 32 June 11,20x1 33 July 31,20x1 15,300 12,400 Period 6 months 120 days Interest Rate 10% 76 60 days 124 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. Net Proceeds Analyze 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.) Net Proceeds Note 311 Note 321 Note 331 Nat Proceeds Analyze > Complete this question by entering your answers in the tabs below. Net Proceeds Analyze What is the net interest income or expense to be reported from these transactions assuming all notes are paid when due? (Do not round intermediate calculations and round your final answer to 2 decimal places.) < Net Proceeds Analyze >