The following information was taken from the accounts receivable records of Ayayai Corporation as at December 31, 2023: Ayayai follows IFRS. Calculate the required balance for the allowance for expected credit losses account. Balance required in allowance for expected credit losses account Prepare the year-end adjusting entry for loss on impairment, assuming the Allowance for expected credit losses had a credit balance of \$1,100 prior to the adjustment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit Prepare the year-end adjusting entry for loss on impairment, assuming the Allowance for expected credit losses had a debit balance of $3,800 prior to the adjustment. (Credit eccount titles are outomaticolly indented when the amount is entered. Do not indent manuallk If no entry is required, select "No Entry" for the occount tities and enter 0 for the amounts. List all debit entries before credit entries)