OK Pare Page 18 of 20 Question 18 (5 points) Piqua Inc. transferred $900,000 of its accounts receivable to First Finance Co. on a without recourse basis. First Finance will remit 80% of the factored amount and retain 20% to cover any sales returns. When First Finance collects the receivables. It will remit the retained amount (which Piqua estimates has a fair value of $160,000) less a 4% factoring fee based on the total factored balance. Prepare Piqua's journal entry to record this transaction