Lazard Corporation has experienced cash low problems and decides to improve its current cash position by factoring 30% of ts receivables, without recourse, end assigning the remainder with the same finance company The factored receivables meet the conditions for e sale while the assigned receivables do not The agreement with the finance company stipulates that a 10% commission will be assessed on factored accounts, no service charge is assessed on the assigned accounts, end 15% annual interest will be charged on the outstanding note payable balance related to the assigned accounts. Additionally, the finance company will advance only 80% of the factored and assigned accounts, end Lazard must continue the collection responsibilities on the assigned accounts. At the beginning of the last month of the company's fiscal year, the accounts receivable transferred to the finance company amounted to S187,000_ During the month, collections on factored accounts were S46,000, and collections on assigned accounts amounted to S84,000 All collections on assigned accounts plus accrued interest were remitted to the finance company at the end of the month. The remaining amounts owed will be remitted within these month. Required: Prepare all jowna/ entries to record the preceding information on Lezarffs books. How would the eccounts related to Lazerd's factoring and essjgnment agreements be reported on Lazerd's yeer-end financial statements?