Mountain High Ice Cream Company transferred $60,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential retains 10% to cover sales returns and allowances and other adjustments. Mountain High anticipates a s3,000 recourse obligation. The ba nk charges a 2% fee (2% of $60,000), and-requires thatamounttobe paid at the start-ofthe factoring-arrangement