On March $1,2021,$ Carla Vista Pasta Company assigns $$1402100$ of its accounts receivable to Bank of China as collateral for a $$1002200$ note. Bank of China assesses a finance charge of $1$ percent of the accounts recelvable and interest on the note of $1?$ percent. Which of the following is correct regarding this transaction?

On March $1,2021,$ Bank of China will credit Gain on Purchase of Recelvables for $$34065.$

On March $1,2021.$ Bank of China will credit Interest Revenue for $$14021.$

On March $1,2021,$ Bank of China will credit Due from Factor for $$20044.$

Bank of China has purchased Carla Vista Pasta's receivables.