please solve problem number 11 type answer, show all work and answer all parts. Thanks

11. Sun Inc. factors $6,000,000 of its accounts receivables with recourse for a finance charge of 3%. The finance company retains an amount 0qual to 10% of the accounts roceivable for possible adjustments. Sun estimates the fair value of the recourse liability at $300,000. What journal entry wil Sun mako to record the gain (oss) on the transfor af recaivablos? 12. Tho Matoo Corporation's invantory at Dacembor 31, 2018, was $325,000 based on a physical court priced at coet, and before any necessary adjustment for the following: Merchandise costing $30,000, shipped fo.b shipping point from a vendor on December 30, 2018, was received on January 5, 2019 Morchandiso costing $22,000, shipped fo.b.dostination from a vondor an Decombor 28, 2018, was received on January 3, 2019 Merchandise coeting $38,000 was shipped to a customer f.o.b.dostinationo Decomber 28, arrived at the customer's location on January 8, 2019 Merchandise costing $12,000 was being held on consignment by Traynor Company. What amount should Matoo Corporation roport as invantory in its December 31, 2018, balanco sheet? 13. XYZ Company started business in 2018 with $52,000 of merchandise on hand. During 2018, 5280,000 n merchandise was purchased on account with credit terms of 2/10, n/30. All discounts were taken, Purchases were al made f.o.b, shipping pont. XYZ paid freight charges of $9,000 Morchandise with an invcico amount of $4,000 was raturmed for credit. Cost of goods sold for the yoar was $316,000. XYZ uses a parpobual inventory systam. available for sale, assurning XYZ uses the gross method? What is the cost of goods