A trial balance at 30 June, before making end of year adjustments, showed the following. | | debit $ | credit $ | |---|---|---| | trade receivables | 35600 | – | | provision for doubtful debts | – | 1160 | At 30 June, it was decided to write off a bad debt of $1600 and to make a provision for doubtful debts equal to 2% of trade receivables. What was the total decrease in the profit for the year ended 30 June arising from the bad and doubtful debts?

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