The controller for Ayayai Corporation has reached an agreement with Whispering Winds Financing Ltd. to sell a large portion of Ayayai's past-due accounts receivable. Ayayai agrees to sell $2,010,000 of accounts receivable to Whispering Winds with recourse. Ayayais controller estimates that the fair value of Ayayai's liability to pay Whispering Winds for uncollectible accounts is $182,000. Whispering Winds will charge Ayayai 9% of the total receivables balance as a financing fee, and will withhold an initial amount of 10%. (a) Calculate the net pioceeds and the gain or loss on the disposal of receivables to Whispering Winds Financing Ltd. Net proceeds on disposal of receivables