(C) Accounts receivable in the amount of $250,000 were assigned to the True Finance Company by SERA, Inc., as security for a loan of $200,000. The finance company charged a 4% commission on the face amount of the loan, and the note bears interest at 9% per year. During the first month, SERA collected $130,000 on assigned accounts. This amount was remitted to the finance company along with one month's interest on the note.