the following information relates to the business of David and sons company. the financial year of the company ends at 30 June 2022. opening balance of account receivables $22200 opening balance of the allowances for doubtful debts 2820 closing balance of account receivables 28860 net credit sales during the year 78000 during the year $2160 of account receivables were written off as bad debts. David and sons company uses the net credit sales method to estimate doubtful debts. it is estimated that three percent of the net credit sales will become uncolectabe .ignore GST required: A. prepare the following accounts at the end of 2022 a. account receivables b. allowances for doubt able debts B. show how the above information appears in the income statement and the balance sheet of the company at the end of the financial year.

b) Show how the above information appears in the Income Statement and the Balance Sheet of the company at the end of the financial year (4 marks)