Blue Spruce Corp. is a growing company whose ability to raise capital has not been growing as quickly as its expanding assets and sales. Blue Spruce Corp.s local banker has indicated that the company cannot increase its borrowing for the foreseeable future. Blue Spruce Corp.s suppliers are demanding payment for goods acquired within 30 days of the invoice date, but Blue Spruce Corp.s customers are slow in paying for their purchases (6090 days). As a result, Blue Spruce Corp. has a cash flow problem. Blue Spruce Corp. needs $169,000 to cover next Fridays payroll. Its balance of outstanding accounts receivable totals $807,100. To alleviate this cash crunch, the company sells $180,000 of its receivables. Record the entry that Blue Spruce Corp. would make. (Assume a 2% service charge.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.)