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'112. On Februarv 1, 2012. Hensen Gempanv factored reeaivables with a Ilrrving ameunt bf 55m, to Ages Gempanv. Ages I23::um|,r.ian1.lr assesses a nance charge at

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'112. On Februarv 1, 2012. Hensen Gempanv factored reeaivables with a Ilrrving ameunt bf 55m, to Ages Gempanv. Ages I23::um|,r.ian1.lr assesses a nance charge at 3% ef the receivables and retains 5% of the receivables. Relative to this transactien, veu are in determine the amount at less an sale be be reperted in the ineeme statement at Hensan Curnpanv for February. Assume that Hensen tasters the receivables en a with measures basis. The resourse ebligatien has a fair value of 52.500. The less te be reparted is $15,DDD. $1T,EDD. $25,13t'l. 542.5%. FL!\" 53-9

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