Required information On December 31, 2011, the Lincoln Corporation estimated that 9% of its credit sales of $245,000 would be uncollectible. Lincoln uses the allowance method of accounting for uncollectible accounts. In February 2012, one of Lincoln's customers failed to pay his $3,100 account and was written off. On April 4, 2012, this customer paid Lincoln the $3,100. Which of the following answers correctly states the effect of recording the collection of the reestablished receivable on April 4, 2012? Cash Net AssetsLiabilitiesEquity Revenue Expenses Inc. Flow Required information Multiple Choice 3,100 OA NA NA NA NA NA (3,100) OA (3,100) (3,100) (3,100) NA (3,100) NA ces NA 3,100 3,100 3,100 NA (3,100) NA 3,100 3,100 OA 3,100 3.100 NA 3,100 NA NA