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5-6. How do I solve for these problems and what are the answers? Thank you! On January 1, 2020, .Ianus Corporation sold P900,000 accounts receivable,

5-6. How do I solve for these problems and what are the answers? Thank you!
On January 1, 2020, .Ianus Corporation sold P900,000 accounts receivable, with allowance of P90,000, in a casual case. The entity received P700300 from the sale. 1. How much is the loss on factoring? 2. In the event that P200,000 of the accounts cannot be collected by the buyer, how much loss on factoring is to be recognized

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