At 30 June 2018, a company's allowance for receivables was $39,000. At 30 June 2019, trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and the allowance for receivables was to be adjusted to the equivalent of 5% of the outstanding trade receivables. What figure should appear in the statement of profit or loss for the year ended 30 June 2019 for these items? A $61,000 B $22,000 C $24,000 D