On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $65,400 and $1,700, respectively. During the year Kincaid reported $162,000 of credit sales, Kincaid wrote off $1,350 of receivables as uncollectible in Year 2. Cash collections of receivables amounted to $178,900. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales. Kincaid's entry to recognize the write-off of the uncollectible accounts will: Multiple Choice ) decrease total assets and total equity O Increase total assets and decrease total equity O O Increase total assets and total equity not affect total assets or total equity O