Moving to another question will save this response. estion 37 How does the declaration of a cash dividend affect a company's assets, liabilities, and equity? Assets decrease, Liabilities remain the same, and Stockholders' Equity decreases. Assets remain the same, Liabilities decrease, and Stockholders' Equity decreases. Assets remain the same, Liabilities increase, and Stockholders' Equity decreases. Assets decrease, Liabilities decrease, and Stockholders' Equity remain the same. -> Moving to another question will save this response. Question 3 Question 38 2.5 points The balance in Accounts Receivable at the beginning of the year was $ $230,000. During the year, the company collected $3,700,000 from credit customers, collected $1,030,000 from cash customers, and wrote off $380,000 of customer accounts. The balance in Accounts Receivable at the end of the year was $520,000. What are cre sales for the year? $4,370,000 $3,610,000 $4,000,000 $3.700.000 Question 38 2.5 points Save Answer The balance in Accounts Receivable at the beginning of the year was $ $230,000. During the year, the company collected $3,700,000 from credit customers, collected $1,030,000 from cash customers, and wrote off $380,000 of customer accounts. The balance in Accounts Receivable at the end of the year was $520,000. What are credit sales for the year? $4,370,000 $3,610,000 $4,000,000 $3,700.000