Question: I need help with this question, with the second part. Logitech Corporation transferred $155.000 of accounts recelvable to a local bank The transfer was made

I need help with this question, with the second part.

Logitech Corporation transferred $155.000 of accounts recelvable to a local bank The transfer was made whthout recourse. The locat bank temis 85% of the factored amount to Logtech and retains the remaining 15%. When the bank collects the recelvables. it will remit to Logitech the retained amount less a fee equal to 2% of the total amount factored: tognech estimares a far value of tis 15% interestin the fecelvables of $16.500 (not inciuding the 2% fee) What is the elfect of this transaction on the company's assets, tabilities, and income before income taxes

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