Martin is running a retailer business. Following are the Accounts Receivable balances for past four years :

Accounts Receivable at 31 December 2016 RM25,000

Accounts Receivable at 31 December 2017 RM20,000

Accounts Receivable at 31 December 2018 RM30,000

Accounts Receivable at 31 December 2019 RM35,000

The allowance for doubtful debts is estimated to be 5% of accounts receivable each year, after bad debts are written off

Following are the Bad debts for past two years :

31 December 2017 RM2,500

31 December 2018 RM3,000

Required: Prepare the following accounts :

a) Bad Debts for year ended 31 December 2017 and 2018 (4 marks)

b) Allowance for Doubtful Debts for year ended 31 December 2016, 2017, 2018 and 2019 (7 marks)

c) Income Statement (Extract) for year ended 31 December 2016, 2017, 2018 and 2019 (6 marks)

d) Statement of Financial Position (extract) for year ended 31 December 2016, 2017, 2018 and 2019 (8 marks)