In 2023, Riverbed Corp. required additional cash for its business. Management decided to use accounts receivable to raise the additional cash and has asked you to determine the income statement effects of the following transactions: 1. On July 1, 2023, Riverbed assigned $630,000 of accounts receivable to Provincial Finance Corporation as security for a loan. Riverbed received an advance from Provincial Finance of 90% of the assigned accounts receivable less a commission of 3% o the advance. Before December 31,2023 , Riverbed collected $209,000 on the assigned accounts receivable and remitted $231,000 to Provincial Finance. Of the latter amount, $22,000 was interest on the advance from Provincial Finance. 2. On December 1,2023 , Riverbed sold $360,000 of accounts receivable to Martinez for $336,000. The receivables were sold outright on a without recourse basis, and Riverbed has no continuing interest in the receivables. 3. On December 31,2023 , an advance of $112,000 was received from First Bank by pledging $170,000 of Riverbed's accounts receivable. Riverbed's first payment to First Bank is due on January 30, 2024. Show the income statement effects of these transactions for the year ended December 31, 2023