2 Miles to Go is a travel agency specializing in tours to Africa and Australia. Miles to Go has $3,000,000 in accounts receivable and factors these receivables with Fox Factors. The agreement with Fox calls for a service charge of 3% of the amount of receivables sold. The net effects on the statement of financial position for Miles to Go of factoring its receivables is a(n) 1. Decrease in equity of $90.000. 2. Increase in assets of $2.910.000. 3. Increase in equity of $2.910.000. 4. Increase in assets of $90.000. 5. None