On April $1,$ Snell Company sold on account merchandise with a list price of $$50,000.$ Payment terms were $3/10,$ n$/30.$ The receivable was collected from the customer on April $8.$ Considering only the collection of cash from the receivable, what effect will the transaction have on the company's financial statements?$801$:$31$:$50$FinistSubmitBalance SheetIncome StatementStockholders'Statement ofAssets $=$ Liabilities $+$EquityRevenue$-$ Expense$=$ Net IncomeCash FlowsA. $(1,500)$NA$(1,500)(1,500)$NA$(1,500)48,5000$B$.(1,500)$NA$(1,500)(1,500)$NA$(1,500)$NAC$.(1,500)$NA$(1,500)$NA$(1,500)500$D$.48,500$NA$48,50048,500$NA$48,5001,5000$A$48,5000$AMultiple ChoiceOption AOption BOption C