A business started trading on 1 January 2017. During the two years ended 31 December 2017 and 2018 the following debts were written off to the Bad Debts Account on the dates stated: 31 May 2017 Sarah RM500 31 October 2017 James RM400 31 January 2018 Muthu RM200 30 June 2018 Kamal RM900 31 October 2018 Mawar RM100 On 31 December 2017 the total accounts receivable was RM104,000. It was decided to make a provision for doubtful debts at 5% of accounts receivable. On 31 December 2018 the total accounts receivable was RM116,000. It was decided to make a provision for doubtful debts at 5% of accounts receivable. Required: a) Prepare the ledgers entries to create the bad debts account and provision for doubtful debts for each of the two years. [10 Marks) b) Show relevant extract from Statement of Financial Position as at 31 December 2017 and 2018. [4 Marks)