6 Stannous Company earns $10,000 of revenue on account in Year 1. Cash collections of receivables amount to $3,500 in Year 1 with the remainder being collected in Year 2. Which of the following shows how the collection of cash will affect the company's accounting equation in Year 1? Stockholders' Equity Common Retained Stock Earnings + Balance Sheet Assets - Liabilities + Accounts Accounts Cash Receivable Payable A. 3,500 -3,500 B. 3,500 C. 10,000 10,000 D. 10,000 3,500 -4,000 10,000 Multiple Choice Option O Option Option O Option