Embun Enterprise closes its accounts at 31 December every year. Below is the information regarding its Account Receivables. Year ended 31st December 2014 2015 Account Receivables (before deducting 96,680 56,450 bad debts) Provision for Doubtful Debts 6% 4% Provision for Discount Allowable 3% 2.5% Bad Debts (yet to be deducted) 1,680 450 The following is the additional information given as at 1 January 2014: Provision for Doubtful Debts Provision for Discount Allowable RM3,220 RM1,850 Based on the information given above, you are required to: (a) State THREE (3) possible reasons why debtors may not be able to pay their debts other than financial crisis. (3 marks) (b) Show the calculation of both doubtful debts and discount allowable for year ended 2014 and 2015. (c) (8 marks) Prepare the Statement of Financial Position (extract) for year 2013 and 2014. (14 marks)