I think A or B. I get 321,000 for my debits. Do I subtract 1k from 8,600 or just use the 1k?

Please help Thank you!

Company X factors $320,000 of its receivables on a with recourse basis. The bank assesses a charge of 2% of receivables and retains 2.5% of receivables. The company received $298,000 in cash and recorded a loss on sale worth $15,000. What is the recourse liability related to this transaction?

Group of answer choices

$1,000

$7,600

$7,400

$8,000