At 31 October 2019, Froggles Limited Has Total Trade Receivables

At 31 October 2019, Froggles Limited has total trade receivables of £852,000. There is a known irrecoverable debt included in this figure of £12,000. The directors of Froggles Limited wish to create an allowance for receivables of 6%. The allowance for receivables at 31 October 2018 was £65,600. What is the reduction in the allowance for receivables that will be credited to the statement of profit or loss for the year ended 31 October 2019?

A) £3,200
B) £12,000
C) £14,480
D) £15,200