Question 3 Total Points: 2 points Under the allowance method, writing off an uncollectible account (increases/decreases/has no effect on) net income. Question 4 Total Points: 4 points Shellan Kamp Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. Included or Excluded? consignment by Shellan Kamp to another company 1. Goods shipped on d o Goods in transit from a supplier shipped FOB destination. 2. 3. Goods shipped via common carrier to a customer with terms FOB shipping point 4. Goods held on consignment from another company