I need help on only questions under the Alternative B in the pictures?

Fastmart Retail Company Receivables Financing Comparison Fastmart the following Balance Sheet on January 1: Assets Liabilities and equity Cash 30,000 Accounts payable 70.000 Accounts Receivable 300,000 Inventory 90,000 Inventory loan 80.000 Current Assets 420,000 Mortgage payable - current 50.000 Current liabilities 200,000 Plant and equipment 500,000 Mortgage payable-non 200,000 current Accumulated Depreciation -200,000 Total liabilities 400,000 Total Assets 720.000 Common stock 100,000 Retained earnings 220.000 Total liabilities and equity 720.000 1. Calculate the existing current ratio and debt to assets ratio. Fastmart is in need of cash and is considering two alternatives for converting its accounts receivable to cash. 2. Alternative A Supermart borrows $250,000 by assigning all of its accounts receivables on January 1. There is a 2% origination fee based on receivables financed and the interest charge is 1% of the average accounts receivable balance each month. Fastmart's customers will pay the amounts they owe directly to the finance company. Fastmart sets up a $10,000 allowance for bad debts since it will be responsible for the bad debts Transactions are as follows: Facts January February Payments 150,000 135,000 Discounts for early payment 1,500 Returns 2.500 1.000 Write-offs of bad debts 8.000 a. Record the loan. b. Prepare a balance sheet that reflects your entry above. Adjust retained earnings for any impact on income. c. Calculate the current ratio and assets to debt ratio after the borrowingd. Record all remaining transactions for January and February (T accounts are suggested) 3. Alternative B Eastmart sells its accounts receivable to the finance company with recourse. The finance company charges a 3% fee based on receivables and withholds an allowance of 6% to cover sales returns and sales discounts and uncollectible accounts Eastmart estimates that its bad debts will be $10,000 Transactions are as follows: Facts January February Payments 150.000 135.000 Discounts for early payment 1.500 Returns 2.500 1.000 Write-offs of bad debts 8.000 a Record the sale of the receivables b Prepare a balance sheet that reflects your entry above. Adjust retained earnings for any impact on income. Be sure to adjust the original balance sheet (prior to assignment of factoring). c. Calculate the current ratio and assets to debt ratio after the sale of the receivables d. Record all remaining transactions for January and February (T accounts are suggested)