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In: Accounting1) Determine the interest on the following notes:(a) $5,000 at 6%for 90 days.(b) $800 at...1) Determine the interest on the following notes:(a) $5,000 at 6%for 90 days.(b) $800 at 9%for 5 months.(c) $6,000 at 8%for 60 days(d) $1,600 at 7%for 6 months2) The following data exists for Mather Company. 2017 2016AccountsReceivable $ 80,000 $70,000NetSales 560,000 410,000Calculate the accounts receivable turnover and the averagecollection period for accounts receivable in days for 2017.