The following information was taken from the accounts receivable records of Concord Corporation as at December 31, 2023: 0-30 days outstanding 31-60 days outstanding 61-90 days outstanding 91-120 days outstanding Over 120 days outstanding Concord follows IFRS. (a) Calculate the required balance for the allowance for expected credit losses account.

The following information was taken from the accounts receivable records of Concord Corporation as at December 31, 2023: Concord follows IFRS. (a) Calculate the required balance for the allowance for expected credit losses account