The following data is extracted from the financial records of AU Tiles The data is in relation to + the nancial year ending 31 December 2013 and 31 December 2319. _ +l Sales revenue for the year 2,912,1300 4,1E-D,DDD Discount allowed 5,1242] l + | The business uses the Income Statement method to estimate its' doubtful debts each year. It has been estimated that 1% ofthe sales revenue of the year will be the bad debts expense for the year. At the beginning of \"fear 2MB, the Allowance for Doubtful Debts account has a credit balance of $19,003