9. Swann plc has the following balances in its draft financial statements for the year ended 31 October 20X8

Statement of financial position

Trade and other receivables 369,415

Allowance for receivables as at 1 November 20X7 19,890

Statement of profit or loss

Administrative expenses (including irrecoverable debts charge of 4,180) 77,113

1. A major customer, Haddin plc, has financial difficulties that it is attempting to resolve. The directors of Swann plc expect to receive 20% of Haddin plc's balance of 21,600 at the year-end, and wish to create an allowance for the remainder. No other allowances are required An amount of 6,310 due from Katich plc has been identified as irrecoverable at the year-end

2 After adjusting for the above items for the year ended 31 October 20X8 Swann plc will have administrative expenses of

A. 80,813

B. 53,523

C. 86,033

D. 68,193