Required informotion The following information appiles to the questions displayed below; At year-end December 31, Chan Company estmates its bad debts as 0.40% of its arnuat credat sales of 5969.000 Chan records its bad debts expense for that estimate. On the following february 1 , Chan decides that the $485 account of P ? Park is uncollectble and wises it off as a bad debt On June 5. Park unexpectedly pays the anount previously witten off Determine the impact of the December 31, February t, and June 5 transactions on the accounting equation. For each transaction, indicate whether there would be an increase, decrease, of no effect, for Assets, Liabihies, and Equity Note: Leave no cells blank