Upon completing an aging analysts of accounts receivable, the accountant for LMS Inc. estimated that $5,000 of the current $98,000 of accounts receivable would be uncollectible. The allowance for doubtful accounts had a $400 credit balance at year-end prior to adjustment. What amount of bad debt expense should appear in LMY's income statement for the year? $0 $4, 600. $5,000. $5, 400. If total liabilities increased by $25,000 and shareholders' equity increased by $5,000 during the same period of tune, then total assets would also change by what amount and in what direction? $20,000 decrease $20,000 increase $30,000 decrease $30,000 increase