Cash versus credit sales. Suppose two companies are identical except for their credit policy. One company allows cash sales only, whereas the other sells for cash or credit. Suppose the two companies have the same sales revenue and expenses for the year. The only difference between the two is that the first company has no outstanding accounts (receivable), whereas the second has quite a few still outstanding at year-end. Of the four basic financial statements, which one or ones will be different between these two companies? Explain how and why they are different. (LO 3, 4)