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38. According to the realization concept, which of the following would appear on the income statement? I. A $5,000 sale and delivery of merchandise that

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38. According to the realization concept, which of the following would appear on the income statement? I. A $5,000 sale and delivery of merchandise that is paid for in cash immediately. II. A $5,000 sale and delivery of merchandise that is paid for with credit, due in 30 days. III. A $5,000 sale for a customized product that will take 60 days to make, and is paid for in cash. I only Il only I and II, but not 111 O I, II, and

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