points) Sun Inc. factors $600,000 of its accounts receivables on a with recourse basis for a finance charge of 4%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. The estimated fair value of the recourse liability was $7,000 Which of the following is TRUE? The loss on sale of receivable is $17,000. The loss on sale of receivable is $67,000. The loss on sale of receivable is $24,000 The loss on sale of receivable is $31,000. Tiger Company had the following balances and transactions during 2020. Beginning inventory 10 units at $5 per unit March 10 sold 8 units for $12 per unit June 10 purchased 20 units at $8 per unit October 30 sold 15 units for $16 per unit What would the company's ending inventory amount be on the December 31, 2020 balance sheet if the LIFO cost assumption is used under a periodic inventory system? $35 $49 $56 $104