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What is the total cash received from the financing of receivables and the amount of loss, respectively? * On January 31, 2019, YZ Company engaged

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What is the total cash received from the financing of receivables and the amount of loss, respectively? * On January 31, 2019, YZ Company engaged in the following transactions: Obtained a P500,000, 6-month loan from ZY, discounted at 12%. The company pledged P600,000 accounts receivable as security for the loan. Factored P1,000,000 of accounts receivable without recourse on a notification basis with XWV Finance Company. XWV Finance charged a factoring fee of 5% of the amount of receivables factored and withheld 10% of the receivables factored. What is the total cash received from the financing of receivables and the amount of loss, respectively? O P1,420,000 and P50,000 P1,420,000 and P150,000 P1,320,000 andP50,000 P1,320,000 and P150,000

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