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Time left The closing trade receivables as at 31 / 10/2020 before bad debts written off were El 65,000. The business continues to maintain the same provision for doubtful debts as last year of 2% on closing trade receivables after bad debts written off. The following two transactions have just been recorded in preparation for finalising the financial statements for the year ending 31 / 10/2020: No 1 2 ASSETS -3,000 (trade receivables) +3,000 (provision for doubtful debts) -1 ,320 (provision for doubtful debts) EXPENSES +1 ,320 (bad debt expense) (Op) EQUITY REVENUES LIABILITIES What was the "provision for doubtful debts" balance shown on the business's Statement of Financial Position as at 31/10/2019? Select one: O O b. c. 3,240 1,560 1,680 4,920