Cammo Company sold receivables (without recourse) for $53,000. Cammo received $50,000 cash immediately from the factor (the company to whom the receivables were sold). The remaining $3,000 will be received once the factor verifies that none of the receivables is in dispute. The receivables had a face amount of $60,000; Cammo had previously established an Allowance for Bad Debts of $2,500 in connection with these receivables. Make the journal entry necessary on Cammo’s books to record the sale of these receivables.