please show me all of the calculation and steps if t account necessary

0,000 of accounts receivable to the Augusta Question 4 13 points Pimento & Cheese Sandwich Shoppe transferred $80,000 of accounts receiva Bank. The transfer was made with recourse. Augusta remits 80% of the factores imento & Cheese and retains 20% to cover sales returns and allowances. When the ban collects the receivables, it will remit to Pimento & Cheese the retained amount (which im & Cheese estimates has a fair value of $12.000). Pimento & Cheese anticipates a $6,000 res obligation. The bank charges a 4% fee (4% of $80,000), and requires that amount to the start of the factoring arrangement. Required: Prepare the journal entries