ACCT$2036-$ Case II $-$ worth $10\%$ of final Mark $-$ Due August $11,2025.$

Blah Corporation is negotiating a loan for expansion purposes. Blah is currently in the financial year of $2020$ and the books have not been closed. Blah's books and records have never been audited and the bank has requested that an audit be performed and that IFRS be followed. Blah has prepared the following comparative financial statements for the years ended December $31,2020$ and $2019.$

Blah Corporation

Statement of Financial Position as at December $31,2020$ and $2019$

$\backslash$table$[[,2020,2019],[$Assets$,,],[$Current Assets,,$],[$Cash$,$$$163,000,$$$82,000],[$Accounts Receivable,$392,000,296,000],[$Allowance for doubtful accounts,$(37,000),(18,000)$