8. Bugle Trading has the following trade receivables position: 31 December 2019 Trade receivables 141,500 Allowance for doubtful debts 2% 31 December 2020 174,100 3% For the year ended 31 December 2020 one of the customers who owed Bugle Trading 3,100, which is included in the trade receivables balance, has been declared bankrupt and no monies will be received from that customer. The figure that would appear in the income statement for the year ended 31 December 2020 in respect of bad and doubtful debts is: a) 5,400 b) 2,300 c) 5,223 d) 3.100