Question 2 --/5 Trade Receivables at 30 November 2017 amounted to 350,675. However, when preparing the year end accounts, the owner of the business decided that a debt of 4,565 should be written off as irrecoverable. The allowance for receivables brought forward as at 1 December 2016 was 9,500. The owner decided that the allowance for receivables should be adjusted to cover 8% of the remaining trade receivables as at 30 November 2017. Calculate the total expense to be recognized in the Statement of Profit or Loss for the year ending 30 November 2017. 1 22,754 2 13,500 3) 17,564 4) 32,254