Atlantis Tropicals
the Following Information Was Taken from the Company's

Atlantis Tropicals
The following information was taken from the company's records at the end of 2012.
$\begin{array}{ll}\text { CreditSales } & \$ 1,000,000 \\\text { Sales returns and allowances } & 80,000 \\\text { Accounts Receivable-December } 31,2012 & 255,000 \\\text { Allowance for Doubtful Accounts-December } 31,2012 & \\\quad \text { (Before adjustment for bad debts) } & 23,000 \\\text { Estimated uncollected accounts } \\\quad \text { (per aging schedule at December } 31,2012 \text { ) }& 35,000\end{array}$
-Refer to Atlantis Tropicals.Determine the effect on the company's accounting equation of the year-end adjustment of bad debts using the aging approach.
$\begin{array}{|l|l|l|}\hline \text { Assets } & =\text { Liabilities } & \text { + Stockhollers'Equity } \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$