On June $1,$ Year $5$ the BBC Company purchased a $$5,000$ one$-$year certificate of deposit from the bank. The certificate pays interest at $12$ percent annually. On December $31,$ Year $5$ the adjustment to recognize interest on BBC$$s books would

Group of answer choices

increase liabilities by $$350.$

increase net income by $$350.$

increase assets by $$600.$

decrease equity by $$300.$