Current Attempt in Progress The controller for Whispering Winds Corporation has reached an agreement with Ayayai Financing Ltd. to sell a large portion of Whispering Winds's past-due accounts receivable. Whispering Winds agrees to sell $1,990,000 of accounts receivable to Ayayai with recourse. Whispering Winds's controller estimates that the fair value of Whispering Winds's liability to pay Ayayai for uncollectible accounts is $181,000. Ayayai will charge Whispering Winds 8% of the total receivables balance as a financing fee, and will withhold an initial amount of 9%. Calculate the net proceeds and the gain or loss on the disposal of receivables to Ayayai Financing Ltd. Net proceeds $ on disposal of receivables $ Prepare the journal entry on the books of Whispering Winds Corporation to record the disposal of receivables to Ayayai Financing Ltd. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit in Am