Copper Inc. factors with recourse $250,000 of accounts receivable with a finance company. The factor charges a 5% finance fee and retains an amount equal to 15% of the accounts receivable for sales adjustments. Copper estimates its recourse liability for bad debts to be $3,000. What is the amount of the loss that Copper would recognize upon sale of its receivables to a factor? O $15,500 O $37,500 $-0- O $12,500 O $3,000