Due to cash flow issues, Angler Fish Company factors $540,000 of its accounts receivable to Gause Finance Company with recourse. Angler does not normally transfer its receivables. Gause retained 10%...

Extracted text: Due to cash flow issues, Angler Fish Company factors $540,000 of its accounts receivable to Gause Finance Company with recourse. Angler does not normally transfer its receivables. Gause retained 10% of the factored receivables and charged a 5 % commission on the gross amount of the receivables. Angler estimated a recourse liability of $10,000. What amount should Angler record as a Loss from Factoring? $10.000 O $27,000 $54,000 O $81,000 O $37,000