For the year ended 31 December 2006, L Cornelius decides to create a provision for doubtful debts equal to 5% of debtors at the year-ends. The debtors figure before bad debts were subtracted was £18,800. Bad debts for the year were £560.

Show the provision for doubtful debts account for the year ended 31 December 2006 and provide an extract from the statement of financial position for the end-of-year statement of financial position.