Current Attempt in Progress Pronghorn Financial Services has agreed to purchase $520,000 of Culver Corporation's outstanding accounts receivable, with recourse. Culver's controller estimates that the fair value of the uncollectible accounts is $83,200. Pronghorn will charge Culver 10% of the total receivables balance as a financing fee, and will withhold an initial amount of 20%. (a) Calculate the net proceeds and the gain or loss on the sale of receivables to Pronghorn