On November 1, 2010, the Gleason Firm assigns $100,000 of its accounts receivable to a finance company. The finance company advances 85% of the accounts receivable assigned less a finance charge of $1,200. It also charges an annual interest rate of 12% on the outstanding loan balance. Gleason will repay the loan on December 31, 2010. How much cash will Gleason receive from the finance company on November 1, 2010?

a) $83,800

b) $81,800

c) $85,000

d) $82,100