A company has the following balances. Trade receivables at 31 December 2017: $125400 Provision for doubtful debts at 1 January 2017: $1800 In the year ended 31 December 2017, debts of $20500 were written off. The company makes a provision for doubtful debts at a rate of $5\% of trade receivables at each year end. What amount for doubtful debts expense was shown in the income statement for the year ended 31 December 2017?
- A$3445
- B$4470
- C$5245
- D$6270