Trade receivables of Sluflag hf. at the end of 2019 is broken down as follows:

Estimated lost

0-30 day claims 14,500,000 2%

30-60 day claims 5,100,000 10%

60-90 day claims 1,800,000 15%

Old claims 800,000 25%

Write-down account - balance sheet from the end of

2018 -950,000

21,250,000

Final written-off receivables for the year amounted to ISK 625,500.

In the category of claims that are 0-30 days old, ISK 700,000 claim on a company that the director of finance considers very likely to be lost, so he considers it appropriate to take a 90% precautionary write-off of it.

At the end of the year, the company was paid ISK 75,000 of kr. 150,000 claim which was finally written off during the year. The director was not sure where he should enter the deposit against cash as the claim had been written off so that he entered the offsetting account in the income statement.

What will be the balance of trade receivables at the end of 2019 and what will be the status of the write-down account?