At 1 January 2006 a company had an allowance for receivables of $49,000. At 31 December 2006 the company’s trade receivables were $863,000 and it was decided to write off balances totalling $23,000 and to adjust the allowance for receivables to the equivalent of 5% of the remaining receivables based on past experience. What total figure should appear in the company’s income statement for bad debts and allowance for receivables?