2. A business started trading on 1 January 2016. during the two years ended 31 December 2016 and 2017 the following debts were written off to the Bad Debts Account on the dates stated: 31 August 2016 Kemi N8,500 30 September 2016 Adeola N14,000 28 February 2017 Lejoka N18,000 31 August 2017 Kolapo N6,000 30 November 2017 Onaolapo N25,000 On 31 December 2016, there had been a total debtors remaining of N450,000. it was decided to make a provision for doubtful debts of N55,000. On 31 December 2017, there had been a total debtors remaining of N473,000. it was decided to make a provision for doubtful debts of N60,000. Required: Show the i. Bad debts Account and the provision for Doubtful Debts Account for each of the two years ii. Relevant extracts from the statement of financial position as at 31 Dec. 2016 and 2017