9 At 1 January 2016 a company had the trade receivables totalling $45000. At 31 December 2016 the trade receivables totalled $32 800 after writing off irrecoverable debts. The company policy is to maintain a provision for doubtful debts of 5%. On 1 March 2016 the company was owed $7750 by a customer. The customer could only pay 40% of the debt. The balance was written off as irrecoverable. What was the net expense in the income statement for the year ended 31 December 2016 for irrecoverable and doubtful debts? A $3010 B $4040 C $5260 D $6290