Question 2 Maju jaya Bhd, has trade receivables with gross carrying amount of RM500,000 at the end of 2018. Careful analysis of the trade receivables showed the following: One of Maju jaya Bhd customers, Hobbie Ltd filed for bankruptcy proceedings during 2018. The amount owe is RM2,200 and Maju jaya Bhd expects to recover close to nil. Aging schedule o remaining trade receivables as at 31 December 2020 is as follows: Past due days Amount outstanding (RM) Expected credit loss rate (%) Within maturity 392,200 0.5 1-30 days 52,300 0.8 31-90 days 27,600 5.6 91-180 days 13,200 8.9 181-365 days 7,500 20.3 365+ days 5,000 70 Hobbie Ltd 2,200 100 500,000 Maju jaya Bhd estimated its expected credit loss rate based on the historical experience and adjusted it for forward looking estimates. Required: Determine the impairment loss on trade receivables o Maju jaya Bhd as at 31 December 2020. (4 marks)