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(5 points) Dornet Co. sold $10,852,000 of its accounts receivable with recourse. The finance charge was 3% and the finance company will retain an amount

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(5 points) Dornet Co. sold $10,852,000 of its accounts receivable with recourse. The finance charge was 3% and the finance company will retain an amount equal to 8% of the receivables for possible returns and discounts. If Dornet Co. assumes that the finance company might have trouble collecting 6% of the receivables, how much of a gain (or loss) will they record on the sale? (A 10) Loss of $325,560 Loss of $976,680 Gain of $868,160 Gain of $9,658,280

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