Question 4 1 pts On January 1, Fruit Corp. assigned P500,000 of accounts receivable to the Finance Company in a transaction accounted for as a secured borrowing. Fruit gave a 14% note for P450,000 representing 90% of the assigned accounts and received proceeds of P432,000 after deduction of a 4% fee. On February 1, Fruit remitted P80,000 to Bagan, including interest for 1 month on the unpaid balance. Fruit's equity in the assigned accounts receivable after the remittance is P44.750 O P50,000 P68,000 P62.750