Sheridan Company factors $6800000 of its accounts receivables with recourse for a finance charge of 4%. The finance company retains an amount equal to 11% of the accounts receivable for possible adjustments. Sheridan estimates the fair value of the recourse liability at $235000. What would be recorded as a gain (loss) on the transfer of receivables? ho Gain of $272000 Gain of $1255000 Loss of $235000 O Loss of $507000