The following information relates to Zulu Company’s accounts receivable for 2017:

Accounts receivable, 1/1/2017                                 $ 750,000
Credit sales for 2017                                                3,100,000
Accounts written off during 2017                                  45,000
Collections from customers during 2017                  2,400,000
Estimated uncollectible accounts at 12/31/2017           95,000

A factor has recently offered to purchase all of Zulu’s outstanding receivables without recourse for 94% of their face amount.

Required:
At what net amount should Zulu report its receivables assuming the company chooses to measure financial assets at fair value?