Sales with Recourse A Change of Art (a tattoo removal company) sells (factors) $400,000 of accounts receivable to Factor, Inc. with recourse. Factor, Inc. remits 90% of the factored amount to A Change of Art and retains the remaining 10%. When all receivables have been settled, Factor will remit to A Change of Art the retained amount (which the company estimates has a fair value of $35,000) less a 2% fee. The 2% fee is based on the total amount factored. A Change of Art estimates the recourse obligation is $7,000 (estimated amount of receivables that wont be collected). Record the sale from A Change of Arts perspective