Answer for each will be one of the options in the drop down and a $ amount for assets, liabilities and income before income taxes

Logitech Corporation transferred $175,000 of accounts recevable to a local bank. The transfer was made without recourse. The local bank remits 90% of the factored amount to Logitech and retains the remaining 10%. When the bank collects the receivables, it will remit to Logitech the retained amount less a fee equal to 3% of the total amount factored. Logitech estimates a fair value of its 10% Interest in the receivables of $15.500 (not including the 3% fee). What is the effect of this transaction on the company's assets. liabilities, and income before Income taxes? Assets Liabilities Income before income taxes decreased by increased by would not change