At the end of the year, the total accounts receivable ledger for a company equals $74,000 and the total accounts payable ledger equals $34,500. If there are no errors for this company, one would expect that:

		The Accounts Payable account will equal the total of all balances owed from its customer accounts.
		The total credit sales for the period equal $39,500.
		The Accounts Receivable account will equal the total of all balances owed to its supplier accounts.
		The Accounts Receivable account will equal the total of all balances owed from its customer accounts.
		The cash received by the company during the period equals $39,500.