Hi! Can you give me an explanation on how to compute this problem?

I appreciate your help. Thank you in advance.

"On March 1, Year 4, Beijing Pasta Company assigns $1,400,000 of its accounts receivable to Bank of China as collateral for a $1,000,000 note. Bank of China assesses a finance charge of 1 percent of the accounts receivable and interest on the note of 12 percent. Which of the following is correct regarding this transaction?" Bank of China has purchased Beijing Pasta s receivables. "On March 1, Year 4, Bank of China will credit Interest Revenue for $14,000." "On March 1, Year 4, Bank of China will credit Gain on Purchase of Receivables for $34,000." . "On March 1, Year 4, Bank of China will credit Due from Factor for $20,000.""Rue Co. s allowance for uncollectible accounts had a credit balance of $12,000 at December 31, Year 1. During Year 2, Rue wrote off uncollectible accounts of $48,000. The aging of accounts receivable indicated that a $50,000 allowance for uncollectible accounts was required at December 31, Year 2. What amount of uncollectible accounts expense should Rue report for Year 2?" "$48,000 " "$50,000 " "$60,000 " "$86,000 "