1. On April 30, 2018, Pinto Products received from a customer a cash payment of $300,000, representing a deposit on production and delivery of a machine to be delivered by Pinto to the customer on or before August 30, 2018. This transaction would most likely result in which of the following as of 4/30/2018?
   1. No effect on liabilities or assets.
   2. A decrease in total assets of $300,000.
   3. An increase in total liabilities of $300,000.
   4. An increase in revenue or sales of $300,000.