Use this information to answer questions 11 and 12 On June 30, 2020, Gingerbread Co wanted to strengthen its cash position by selling $500,000 in accounts receivable to Regions for a 4% fee Regions will immediately remit 90% for the receivables to Gingerbread. When Regions collects the remaining receivables, it remits the amount, less the fee, to Gingerbread. Gingerbread estimates that the fair value of the retainer is $40,000 gnoring the factoring fee). The factoring agreement is made without recourse. What amount will Gingerbread report as a Recourse Liability when the receivables are sold on June 30, 2020? Do not include the in your