CarsRUs factors with recourse $300,000 of accounts receivable with a finance company. The factor charges a 4% finance fee and holds back an amount equal to 12% of the accounts receivable for sales adjustments and returns. CarsRUs estimates its recourse liability for bad debts to be $8,000. What is the amount of the loss on sale (i.e. total expense) of receivables that CarsRUs would recognize at the sale of its receivables? 00 44,000 36,000 O 20,000 O 56,000 O 12,000 48,000 8,000