At 31 December 2004 a company's trade receivables totalled $864,000 and 8 the allowance for doubtful debts was $48,000. It was decided that debts totalling $13,000 were to be written off, and the allowance for doubtful debts adjusted to five per cent of the receivables. What figures should appear in the statement of financial position for trade receivables (after deducting the ?allowance) and in the income statement for the total of bad and doubtful debts B Income statement Bad and doubtful debts $ 8,200 7,550 18.450 55,550 Statement of Financial Position Ner trade receivables S 807,800 808.450 808,450 808,450 D DO