Mountain High Ice Cream Company transferred $$79,000$ of accounts receivable to the Prudential Bank. The transfer vas made with recourse. Prudential remits $90\%$ of the factored amount to Mountain High and retains $10\%$ to cover ales returns and allowances. When the bank collects the receivables $,$ it will remit to Mountain High the retained amount $($which Mountain estimates has a fair value of $$6,900)$Mountain High anticipates a $$4,900$ recourse bligation. The bank charges a $3\%$ fee $(3\%$ of $ $79,000),$ and requires that amount to be paid at the start of the actoring arrangement $.$