Required information [The following information applies to the questions displayed below.] On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $15,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $800,000 Age of Accounts Receivable Not yet due Expected Percent Uncollectible 1.20% 320,000 64,000 1 to 30 days past due 31 to 60 days past due 1.95 6.451 32,000 12,800 61 to 90 days past due Over 90 days past due 32.50 67.00 3. On June 30 of the next year, Jarden concludes that a customer's $4,700 receivable is uncollectible and the account is written off. Does this write off directly affect Jarden's net income? Affects Jarden's net income