On May 1, Dext, Inc. factored $1,200,000 of accounts receivable under an agreement with QuickFin without recourse. Under the arrangement, Dext was to handle disputes concerning service, and QuickFin was to make the collections, handle the sales discounts, and absorb the credit losses. QuickFin assessed a finance charge of 3% of the total accounts receivable factored and retained an amount equal to 4% of the total receivables to cover sales discounts. What is the income statement impact of this transaction before considering taxes? (Show increases in income as positive numbers and decreases as negative numbers.) $ If instead, Dext factored the receivables with QuickFin with recourse and the recourse provision has a fair value of $12.000 what would be the income statement impact of this transaction before considering taxes? $ On May 1, Dext, Inc. factored $1,200,000 of accounts receivable under an agreement with QuickFin without recourse. Under the arrangement, Dext was to handle disputes concerning service, and QuickFin was to make the collections, handle the sales discounts, and absorb the credit losses. QuickFin assessed a finance charge of 3% of the total accounts receivable factored and retained an amount equal to 4% of the total receivables to cover sales discounts. What is the income statement impact of this transaction before considering taxes? (Show increases in income as positive numbers and decreases as negative numbers.) $ If instead, Dext factored the receivables with QuickFin with recourse and the recourse provision has a fair value of $12.000 what would be the income statement impact of this transaction before considering taxes? $