Maso Co assigned $1,600,000 of accounts receivable to Panda Finance Co as security for a loan of $1,200,000. Panda charged a 2% commission on the amount of the loan the interest rate on the note was 10%. During the first month, Maso accepted returns worth $7,500 and wrote off assigned accounts totaling $11,300 The amount of cash Maso received from Panda at the time of the assignment was O a $1,176,000 b. $1,181,200 Oc$1,080,000 d. $1,168,000