Please answer these two items.

1. On December 1, 2021, Yan Company assigned Php400,000 of accounts receivable to Ino Company as a security for a loan of Php335,000. Yan company charged a 2% commission on the amount of the loan, the interest rate on the note was 10%. During December, Yan collected Php110,000 on assigned accounts after deducting Php380 of discounts. Yan accepted returns worth Php1,350 and wrote off assigned accounts totaling Php2,980.

a. How much cash did Yan receive from Idol at the time of the transfer?

b. What is the carrying value of the accounts receivable assigned as of December 31, 2021?

2. On October 31, 2021, Butter Company engaged in the following transactions: 1. Obtained a Php500,000, six month loan from Dope Bank, discounted at 12%. The company pledged Php500,000 of accounts receivable as security for the loan. 2. Factored Php1,000,000 of accounts receivable without recourse on a non notification basis with DNA Company. DNA charged a factoring fee of 2% of the amount of receivables factored and withheld 10% of the amount factored. 10. What is the total amount of cash received from the financing of the receivables? What is the amount of cash received from the pledged accounts receivables?