During the year, Plastics Company recorded cash of $70,240 from customers for accounts receivable collections. Which of the following financial statement effects template entries captures this transaction? Select one: a. Balance Sheet Income Statement Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues Expenses - Net Income 70,240 = 70,240 70,240 70,240 (AR) (RE) b. Balance Sheet Income Statement Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues - Expenses - Net Income 70,240 70,240 70,240 - 70,240 (RE) C. Balance Sheet Income Statement Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues - Expenses - Net Income 70,240 (70,240) = (AR) O d. Balance Sheet Income Statement Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues Expenses - Net Income (70,240) 70,240 = (AR)