Question 39 Concord Corporation factored, with recourse, $190000 of accounts receivable with Sheffield Financing. The finance charge is 2%, and 4% was retained to cover sales discounts, sales returns, and sales allowances. Concord estimates the recourse obligation at $4600. What amount should Concord report as a loss on sale of receivables? O $-0- O $16000. O $3800. O $8400