Hepburn Company transferred $61,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 60% of the factored amount to Hepburn and retains the remaining 40%. When the bank collects the receivables, it will remit to Hepburn the retained amount less a fee equal to 1% of the total amount factored. Hepburn estimates a fair value of its 15% interest in the receivables of $13,500 (not including the 1% fee). Hepburn will show an amount receivable from factor of: Multiple Choice $23,790 $13,500 $24,400. $12.890