At 31 December 2021 a company's receivables totaled $500,000 and an * 2 poi allowance for receivables of $55,000 had been brought forward from the year ended 31 December 2020.It was decided to write off debts totaling $45,000. The allowance for receivables was to be adjusted to the equivalent of 8% of the receivables. What charge for receivables expense should appear in the company's statement of profit or loss for the year ended 31 December 2021? 26,400 30,700 25,000 24,500 According to IAS 37 Provisions, contingent liabilities and continent assets, 2 point how should this claim betreated in Bliss Co's financial statements? A former director of Rois Co has commenced an action against the company claiming substantial damages for wrongful dismissal. The company's solicitors have advised that the former director is unlikely to succeed with his claim, although the chance of Rois Co paying any monies to the ex-director is not remote. The solicitors' estimates of Rois Co potential liabilities are: Legal costs (to be incurred whether the claim is successful or not) Settlement of claim if successful $40,000500,000460,000 Provision of $500,000 Disclose a contingent liability of $500,000 Disclose a provision of $40,000 and a contingent liability of $460,000 Provision for $460,000 and a contingent liability of $50,000