Mark Distributors is a growing company whose ability to raise capital has not been growing as quickly as its expanding assets and sales. Mark’s local banker has indicated that the company cannot increase its borrowing for the foreseeable future. Mark’s suppliers are demanding payment for goods acquired within 30 days of the invoice date, but Mark’s customers are slow in paying for their purchases (60–90 days). As a result, Mark has a cash flow problem. Mark needs $160,000 to cover next Friday’s payroll. Its balance of outstanding accounts receivable totals $1,000,000. What might Mark do to alleviate this cash crunch? Record the entry that Mark would make when it raises the needed cash. (Assume a 2% service charge.)