Logitech Corporation transferred $155,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 90% of the factored amount to Logitech and retains the remaining 10%. When the bank collects the receivables, it will remit to Logitech the retained amount less a fee equal to 2% of the total amount factored. Logitech estimates a fair value of its 10% interest in the receivables of $13,500 (not including the 2% fee). What is the effect of this transaction on the company's assets, liabilities, and income before income taxes? Assets Liabilities Income before income taxes