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Consider the following balance sheet for Ajax Industries:

Which of the following selections relating to these statements is true?

a. The Accounts receivable account has a balance of $87,365, while the Accruals account and Retained earnings account have balances of $26,990 and $139,794, respectively.

b. The Accruals account has a balance of $87,365, while the Fixed assets account and Retained earnings accounts have balances of $139,794 and $145,434, respectively.

c. The Accruals account has a balance of $26,990, while the Long-term debt and Retained earnings accounts have balances of $145,434 and $395,109, respectively.

d. The Accounts receivable account has a balance of $145,434, while the Accruals account and the Retained earnings account have balances of $26,990 and $87,365, respectively.