(b) Assumed that Hasfar Bhd has the following selected balances for its accounts classified into individually significant and all other receivables at 31 December 2023: Individually significant receivables: Hasfar Bhd determines that Oak's receivable is impaired by RM25,000, and Jati's receivable is totally impaired. Both Setapang's and Meranti's receivables are not considered impaired. Hasfar Bhd also determines that a composite rate of 5% is appropriate to measure impairment on all other receivables. Determine the total impairment for Hasfar Bhd's receivables for the year 2023. (c) When a company has a policy of making sales for which credit is extended, it is reasonable to expect a portion of those sales to be uncollectible. As a result of this, a company must recognize bad debt expense. There are basically two methods of recognizing bad debt expense: (1) direct write-off method, and (2) allowance method. 3 i. Describe fully both the direct write-off method and the allowance method of recognizing bad debt expense. ii. Discuss the reasons why one of the above methods is preferable to the other and the reasons why the other method is not usually in accordance with IFRS