Current Attempt in Progress Indicate how each of the following transactions would affect AlarmIT Ltd's statement of income, statement of financial position, and statement of cash flows. If there would be no effect, then state that. AlarmIT uses the allowance method of accounting for bad debts. 1. Alarm IT recovered a $ 25,200 receivable from a customer whose account had been previously written off. 2. Alarmit wrote off a receivable from a customer in the amount of $ 18,300. 3. AlarmIT recorded bad debts expense for the period totalling $ 49,400. The amount was determined based on an aging of accounts receivable. 1. Statement of Income $ Statement of Financial Position $ $ Statement of Cash Flows $ 2. Statement of Income $ Statement of Financial Position $ + $ Statement of Cash Flows $ 3. Statement of Income $ 1. Statement of Income $ Statement of Financial Position $ $ Statement of Cash Flows + $ 2. Statement of Income $ Statement of Financial Position $ + $ Statement of Cash Flows + $ 3. Statement of Income $ Statement of Financial Position + $ Statement of Cash Flows $ Save for Later Attempts: 0 of 2 used Submit