December $31,$ Year $1,$ the Loudoun Corporation estimated that $3\%$ of its credit saijes of $$112,500$ woulc collectible. Loudoun uses the allowance method. On February $15,$ Year $2,$ one of Loudoun's customers y his $$1,050$ account and the account was written off. On April $4,$ Year $2,$ this customer paid Loudoun $t$

the following correctly states the effect of Loudoun Company's February Year $2$ entry to write off the

$\backslash$table$[[$sets$,=,$Liab.,$+,\backslash$table$[[$Stk$.],[$Equity$]],$Rev.,$-,$Exp.,$=,$Net Inc.,$\backslash$table$[[$Stmt of Cas$],[$Flows$]]],[$NA$,$NA$,,$NA$,$NA$,,$NA$,,$NA$,$NA$,],[050$