On December $1,$ Year $1,$ Jack's Snow Removal Company received

$$13,800$ of cash in advance from a customer and promised to provide

services for that customer during the months of December, January,

and February. How will the Year $1$ year$-$end adjustment to recognize

the partial expiration of the contract impact the elements of the

financial statements model?Total assets will increase by $$4600$Total liabilities will increase by $$4600$Equity will increase by $$4600$Equity will increase by $$4600$ and Total assets will increase by

$$4600$