A trader maintains allowances for receivables to cover 2% of her trade receivables. Year-end financial information includes the following: Trade receivables 536,000 Bad debts already written off 5,200 Allowances for receivables 29,120 Another debt of 2,700 should be written off and the allowance for receivables maintained at the usual level. Identify the net charge (or credit) in the income statement for the year relating to both bad debts and allowances for receivables. The net charge (or credit) in the income statement for the year relating to both bad debts and allowances for receivables is