Raleigh Inc. factors $3,000,000 of its accounts receivables with recourse for a finance charge of 5%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. Raleigh estimates the fair value of the recourse liability at $115,000. How much gain (loss) on the sale of receivables will Raleigh record? Loss of $150,000. Loss of $115,000 Loss of $565,000. Loss of $265,000. Next