On October 12 of the current year, a company determined that a customer's account receivable was uncollectible and that the account should be written off. Assuming the direct write-off method is used to account for bad debts, what effect will this write-off have on the company's not income and total assets? Select one: Oa. Decrease in net income; no effect on total assets. O b. Decrease in net income: decrease in total assets. c. Increase in net income; no effect on total assets. Od. No effect on net income; no effect on total assets.