The controller for Bridgeport Corporation has reached an agreement with Sarasota Financing Ltd. to sella tarp parti Bridgeport's past due accounts receivable Bridgeport agrees to sell $2,040,000 of accounts receivableta Sarasota with Bridgeport's controller estimates that the fair value of Bridgeport's liability to pay Sarasota for uncollectible 15 Sarasota will charge Bridgeport 9% of the total receivables balance as a financing for, and will withhold an talammatory Calculate the net proceeds and the gain or loss on the disposal of receivables to Sarasota Financing titta Net proceeds 5 $ on disposal of receivables Account Titles and Explanation Debit Credit