At the end of june, the marquess company factored $200,000 in accounts receivable with homemark finance. homemark charges a fee of 3% of receivables factored. during july, $150,000 of the factored receivables are collected. if the transfer were made with recourse but is still accounted for as a sale, what amount of loss on sale of receivables would the company record in june assuming the estimated recourse liability is $2,000?
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