Indicate how each of the following transactions would affect AlarmIT Ltd.s statement of income, statement of financial position, and statement of cash flows. If there would be no effect, then state that. AlarmIT uses the allowance method of accounting for bad debts.

1. AlarmIT recovered a $26,300 receivable from a customer whose account had been previously written off.

2. AlarmIT wrote off a receivable from a customer in the amount of $17,100.

3. AlarmIT recorded bad debts expense for the period totalling $51,800. The amount was determined based on an aging of accounts receivable.

I am attaching two screenshots that are of same statement but showing options from drop down arrow for choice that are available.

1. Statement of Income $ Decrease in Income Before Taxes Increase in Income Before Taxes No Effect Statement of Financial Position Statement of Cash Flows $ 1. Statement of Income Statement of Financial Position $ $ Statement of Cash Flows Decrease in Accounts Receivable Decrease in Allowance for Doubtful Accounts Decrease in Cash Increase in Accounts Receivable Increase in Allowance for Doubtful Accounts Increase in Cash No Effect $ $ 2. Statement of Income ta Statement of Financial Position Statement of Cash Flows > 3. Statement of Income $ Statement of Financial Position $ Statement of Cash Flows $