Nelson Company regularly factors its account receivable with Marco Company. Most recently, Nelson factored accounts receivable totaling $200,000 for a fee of 4% of gross receivables. The factoring arrangement was with recourse and Marco withheld 10% upfront, the fee as well as an amount to cover possible returns and uncollectibles. The factored receivables have an associated allowance for uncollectible accounts of $6,300. Nelson estimates the fair market value of the recourse obligation to be $7,000. Calculate the following amounts: 1. The proceeds to Nelson upon factoring the $200,000 of accounts receivable 2. The loss on the factoring arrangement 3. The amount to be recorded as due from Marco on the factoring date