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Suppose in 2015, DBP sold merchandise for $3,500,000 and, based on past experience, recorded a provision for sales returns of $75,000. In 2016, customers returned

Suppose in 2015, DBP sold merchandise for $3,500,000 and, based on past experience, recorded a provision for sales returns of $75,000. In 2016, customers returned $50,000 worth of these goods sold to them in 2015. Indicate how this actual sales return transaction would affect DBP's (1) assets, (2) shareholders' equity, and (3) revenues in 2016.

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