On 1 January 2021 Haymas trade receivables and allowance for doubtful debt were RM 92,200 and RM 1,500 respectively. On 31 December 2021 they were RM 59,500 On 31 December 2021 he decided to increase his allowance for doubtful debts from 3% to 4% of trade receivables. There was additional bad debt of RM 2,000 to be written off during the year.

Prepare the following ledger accounts: (i) Trade receivables account. (ii) Allowance for doubtful debt account

Prepare the following financial statement for the year ended 2021: (i) Statement of comprehensive income (extract) (ii) Statement of financial position (extract)