You sold $$300,000$ of accounts receivable to Friendly Factors Inc. on a with recourse basis. Friendly assesses a $2\%$ finance charge of the amount of accounts receivable and retains an amount equal to $6\%$ of accounts receivable for possible adjustments. You estimate that future uncollectible accounts total $$15,000$

$1)$ How much cash will you receive as a result of the sale?

$2)$ How much is the gain or loss on the sale? $($indicate gain or loss$)$

$3)$ The journal entry to record this sale should include which of the following?

a$)$ $$18,000$ DR to Due from Factor; b$)$ $$315,000$ CR to accounts receivable; c$)$ $$15,000$ DR to Recourse Obligation