a) $49,913

b) $45,030

c) $11,960

d) $51,260

The following account balances are taken from the December 31, 2019, financial statements of Tiernan Advertising Co. The company uses accrual basis accounting Advertising Revenue Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 50,596 45,630 7,697 2,378 5,170 40,983 1,280 19,732 2,530 The following activities occurred in 2020 1. Performed advertising services on account. $59,850 2. Received cash payments on account, $11.400 3. Received deposits from customers for advertising services to be performed in 2021, $3.200. 4. Mide payments to suppliers on account, $5,170 5. Incurred $49,000 of operating expenses: $42,500 was paid in cash and $6,500 was on account and unpaid as of the end of the year. What is the balance in the Cash account at December 31, 2020? Multiple Choice S49,913 145,030 511960