JiJi Cake House sells home-made cake on credit to its corporate customer, and its financial year ends on 31 December. The extracted trial balance as at 31 December 2019 showed that the allowance for doubtful debts account had a credit balance of RM900 and the accounts receivable was amounted to RM46,000 as at that date. The company has written off the following debts at year end before estimate of doubtful debt: The company also observed that the net accounts receivable, after writing off all bad debts, were increasing by 10% per annum consistently in each of next 5 years. The company has decided that the allowance for doubtful debts to be adjusted based on past events to the equivalent of 8% of the balance of accounts receivable. Required: (a) Prepare the following accounts for 2019, 2020, and 2021: (i) Bad Debts (3 marks) (ii) Allowance for Doubtful Debts ( 9 marks) (iii) Accounts receivable (double entries for bad debt written off) (3 marks) (b) Prepare an income statement (extract) for each of the years ended 2019, and 2020, and Balance Sheet as at those dates. (6 marks)