Waterway Industries factors $6200000 of its accounts receivables with recourse for a finance charge of 2%. The finance company retains an amount equal to 9% of the accounts receivable for possible adjustments. Waterway estimates the fair value of the recourse liability at $212000. What would be recorded as a gain (loss) on the transfer of receivables? Gain of $894000. O Gain of $124000. O Loss of $212000. O Loss of $336000