The balance in the Debtors Control account at the end of the financial year was R30 000 before the following transactions were recorded: A debtor who owed R4 000 was declared insolvent. His estate paid R60% of the amount owing. The balance of the account must be written off. How much will be reflected as "Provision for bad debts" in the statement of financial position, if the provision for bad debts is calculated at 5% of trade debtors? O A. R1 380 O B. R1 420 O C. R1 300 O D. R1 500