Marsh Inc. factors $3,000,000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments. Marsh estimates the fair value of the recourse liability at $300,000. What would be the debit to Cash in the journal entry to record this transaction? a. $3,000,000 b. $2,880,000 c. $2,640,000 d. $2,340,000