Logitech Corporation transferred $$100,000$ of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits $85\%$ of the factored amount to Logitech and retains the remaining $15\%.$ When the bank collects the receivables, it will remit to Logitech the retained amount less a fee equal to $3\%$ of the total amount factored. Logitech estimates a fair value of its $15\%$ interest in the receivables of $$11,000($not including the $3\%$ fee$).$ Asshming that the sale criteria are not met, describe how Logitech would account for the transfer.