On January $1,$ Brittany Corporation had Accounts Receivable of $$31,000$ and an Allowance for Doubtful Accounts of $$500.$ During the year, Brittany reported $$72,500$ of sales on account, and wrote$-$off $$450$ of accounts that it deemed to be uncollectible. Cash collections on accounts receivable amounted to $$74,550.$ The entry on Brittany's books to recognize the write$-$off of the uncollectible accounts will have the following effect:

Group of answer choices

Increase total assets and total stockholders equity.

Increase total assets and decrease total stockholders equity.

Decrease total assets and total equity.

Have no effect on total assets and total stockholders equity.