Zeus company factored P6,000,000 of accounts receivable to a finance entity at the beginning of current year. Control was surrendered by Zeus Company. 

The factor accepted the accounts receivable subject to recourse for nonpayment. The fair value of the recourse obligation is P100,000. 

The factor assessed a fee of 3% and retained a hold back equal to 5% of the accounts receivable.

In addition, the factor charged 15% interest computed on a weighted average time to maturity of the accounts receivable of 54 days.

A. What is the amount of cash initially received from the factoring?

B. If all accounts are collected, what is the loss on factoring the accounts receivable?

C. If all accounts are not collected, what is the loss on factoring?