The following balances appeared in the trial balance of Dave Bainbridge’s business as at 30 June 2024:

After this trial balance had been constructed, Bainbridge decided to write off further debts amounting to £4,100, which were deemed to be irrecoverable.
He also decided to carry forward at 30 June 2024 an allowance equal to (based on an analysis of his business’s recent experience and history) 3% of remaining trade receivables.
What is the impact of all this information on the net profit of Bainbridge’s business for the year ended 30 June 2024?

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Trade receivables Bad debts expense Bad debts recovered Allowance for doubtful debts at 1 July 2023 117,000 18,720 690 2,950