Azure Inc. factors $$4,000,000$ of its accounts receivables with recourse for a finance charge of $5\%.$ The finance company retains an amount equal to $8\%$ of the accounts receivable for possible adjustments. Azure Inc. estimates the fair value of the recourse liability at $$300,000$ and would record this transaction in the journal entry by a debit to Cash in the amount of

Select answer from the options below

$$3,180,000.$

$$3,480,000.$

$$3,800,000.$

$$4,000,000.$