12. Yorkshire Business Ltd had 108,500 trade receivables as of 31st December 2022. The company found 18,500 of its trade receivables is not collectable. It is the policy of the company to maintain an allowance for doubtful debt equivalent to 5% of the trade receivables at the end of the year. You are required to: Calculate the allowance for doubtful debts for the year to 31st December 2022. Show your calculation. (2 marks)