Company D decides to factor $700,000 of its accounts receivables with recourse. The factoring company charges 5% to cover its expenses and risks. The factoring company also retains 9% of the accounts receivable for possible returns. Company D estimates the fair value of the recourse liability to be $19,000. How much gain or loss should Company D recognize as a result of selling its accounts receivable? A. Loss of $54,000 B. Gain of $54,000 C. Gain of $78,000 D. Loss of $49,000