Mountain High Ice Cream Company reports under IFRS. Mountain High transferred $64,000 of accounts recelvable to the Prudentlal Bank. The transfer was made with recourse. Prudentlal remits 80% of the factored amount to Mountain High and retalns 20% to cover sales returns and allowances. When the bank collects the recelvables, it will remit to Mountain High the retained amount (which Mountaln estimates has a fair value of $5,400). Mountain High anticipates a $3,400 recourse obligation. The bank charges a 1% fee (1% of $64,000 ), and requires that amount to be pald at the start of the factoring arrangement. Mountain High has transferred control over the recelvables, but determines that it still retains substantlally all risks and rewards assoclated with them. Requlred: Prepare the journal entry to record the transfer on the books of Mountain High, considering whether the sale criterla under IFRS have been met Note: If no entry Is required for a transaction/event, select "No journal entry required" In the first account fleld