On December 31, Staves Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $16,500. Staves prepares a schedule of its December 31 accounts receivable by age. On June 30 of the next year, Staves concludes that a customer's $3,450 receivable is uncollectible and the account is uritten off. Does this write-off directly affect Staves' net income