Current Attempt in ProgressAce Company's trial balance reported the following normal balances at the end of its first year:Cash$$14000$Prepaid insurance$700$Accounts receivable$3500$Accounts payable$2800$Notes payable$4200$Common stock$5400$Dividends$700$Revenues$29000$Expenses$17500$What amount did Ace Company's trial balance show as total credits?Select answer from the options below$$42100$$$41400$$$40700$$$42800$Save for LaterAttempts: unlimitedSubmit Answer