On April 1, 2020, Sweet Company assigns $501,100 of its accounts receivable to the Third National Bank as collateral for a $316,800 loan due July 1, 2020. The assignment agreement calls for Sweet to continue to collect the receivables. Third National Bank assesses a finance charge of 3% of the accounts receivable, and interest on the loan is 10% (a realistic rate of interest for a note of this type). (a)