79. Ace Computing Company On January 1, 2012, the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $40,000 and $1,500 respectively. During the year, the company reported $80,000 of credit sales. There were $500 of receivables written off as uncollected in 2012. Cash collections of receivables amounted to $78,200. The company estimates that it will be unable to collect 4% of the year-end accounts receivable balance. Refer to the Ace Computing Company. The entry to recognize the write-off of the specic uncollected accounts will act to: A. Increase total assets and stockholders' equity B. Increase total assets and decrease stockholders' equity C. Decrease total assets and stockholders' equity D. Not affect total assets or stockholders' equity