On March 1, 2020, Grabber Company factored receivables with a carrying amount of $500,000 to Agee Company. Agee Company assesses a finance charge of 2% of the receivables and retains 5% of the receivables. Assume that Grabber factors the receivables on a with recourse basis and the recourse obligation is $3,500. How much cash will Grabber receive on 3/1/2020? 465,000 O 500,000 O 490,000 O 496,500