Yitama$,$ Inc. decided to create a provision for doubtful debts at the rate of $3\mathrm{.}5\backslash \%$ of accounts receivable at the end of the year. The first allowance was made on the $\backslash (31^\{\backslash$text $\{$st $\}\}\backslash )$ of December $2021.$ The accounts receivable at the end of each year amounts to:

Required:

a$.$ Calculate the amount to be recorded as provision for doubtful debts for each year $(6$ marks$)$

b$.$ Calculate the net accounts receivable balance in the current assets section of the balance sheet $(6$ marks$)$

c$.$ Explain the prudence concept in relation to provision for doubtful debts $(4$ marks$)$