25) In the year ended 30 September 20X8. Fauntleroy had sales of $7,000,000. Year end receivables amounted to 5% of annual sales. Fauntleroy wishes to maintain the allowance for receivables at 4% receivables and as a result discovers that the allowance is 20% higher than at the previous year end. During the year irrecoverable debts amounting to $3,200 were written off and debts amounting to $450 and previously written off were recovered. What are the irrecoverable debt expenses for the year? a) $5,083 b) $5.550 c) $5.583 d) 16,750