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Since incorporating 3 years ago, Lawrence, Inc., has estimated bad debts at a rate of 3% using the income statement approach. During its fourth year in business, after recording the uncollectible accounts expense based on its previous estimate, Lawrence determined that its estimate of bad debts should be increased to 4.5%. During this fourth year, Lawrence recorded sales of $25,000,000 and had an ending accounts receivable balance of $2,000,000. This change would decrease