29. The Baldwin Co. sells $30,000 of accounts receivable to a factor and receives 92% of the value of the factored accounts less a 10% commission based on the gross amount of factored accounts receivable. After the journal entry to record this factoring transaction is made, Baldwin Co.'s total assets will be

a.	reduced by $2,400
b.	increased by $3,000
c.	reduced by $3,000
d.	increased by $24,600