What amount should Bonita report as a loss on sale of receivables?

Bonita Industries factored, with recourse, $205000 of accounts receivable with Carla Vista Co.. The finance charge is 2%, and 4% was retained to cover sales discounts, sales returns, and sales allowances. Bonita estimates the recourse obligation at $4800. What amount should Bonita report as a loss on sale of receivables?

A.

$-0-.

B.

$8900.

C.

$4100.

D.

$17100.