9) Danzig Inc, factors $10,000,000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. What would be recorded by Danzig as a gain (loss) on the transfer of receivables? A) gain of $400,000 B) loss of $400,000 C) loss of $1,000,000 D) loss of $1,400,000