170 At 1 July 20X5, V Co's allowance for receivables was $48,000. At 30 June 20X6, trade receivables amounted to $838,000. It was decided to write off $72,000 of these debts and adjust the specific allowance for receivables to $60,000. What are the final amounts for inclusion in V Co's statement of financial position at 30 June 20X6? Trade receivables Allowance for receivables Net balance $ $ $ A 838,000 60,000 778,000 B 766,000 60,000 706,000 C 766,000 108,000 658,000 D 838,000 108,000 730,000