Jack's Snow Removal Company received a cash advance of $14.700 on December 1, Year 1 to provide services during the months of December, January, and February. The year-end adjustment on December 31, Year 1, to recognize the partial expiration of the contract will Multiple Choice increase assets by $4,900 and increase equity by $4.900 increase equity by $4,900 increase labisies by $4,900 increase assets by $4900