Fearless Inc. factors with recourse $450,000 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. Fearless estimates its recourse liability for bad debts to be $6,000.

What is the amount of the loss on sale of receivables that Fearless would recognize upon sale of its receivables to a factor?

		$67,500
		$28,500
		$22,500
		$6,000