Use the following information to answer questions 4: The following information was taken from the financial records of Wiseman Traders at 29 February 2016, before any adjustments, or closing entries have been made. A Abel, a debtor who owed R580 was declared insolvent. His insolvent estate paid Wiseman. Traders 15 cents in the rand. The rest of his account balance must be written off as irrecoverable The allowance for credit losses must be adjusted to 5% of good book debts. .Ignore VAT Which one of the following amounts represents the net amount in respect of trade receivables that must be disclosed as trade and other receivables in the statement of financial position of Wiseman Traders as at 29 February 2016 (1) R35 000 (2) R33 250 (3) R33 480 (4) R34 590 (5) R33750