B) Ria Enterprise gives credit to most of its customers. Allowance for doubtful debts and allowance for discount allowable are made at varying rates. The accounting year ended on 30 June each year. Allowance for discount allowable 205% Year Receivables at the year end (before allowing for Allowance for doubtful debt Bad debt any debts) RM210,660 RM198,880 2017 10% 4.0% RM3,580 RM2,780 2018 9% The balance as at 30 June 2016 are as follow: Allowance for doubtful debt Allowance for discount allowable RM12,870 RM 6,000 Required: Prepare the following accounts for the years ended 30 June 2017 and 30 June 2018: i. Allowance for doubtful debts account (5 marks) ii. Allowance for discount allowable account (4 marks) iii. Statement of Profit or Loss (extract) (4 marks) Statement of Financial Position (extract) iv. (4 marks)