Joe NOvak Corporation factored (transferred) with recourse, 100,000 of accounts receivables with Huskie Financing. The finance charge is 3%, and 5% was retained to cover sales discounts, sales returns, and sales allowances. Joe Novak estimates the fair value of the recourse obligation at $2,400. What amount should Joe NOvak report as LOSS on the transfer of receivables? A.$0 , B.$3,000, C.$5,400, D.$10,400