Gertrude Company's Unearned rent revenue account shows a balance of $61,000 on January 1, 2023. During the adjustment process at December 31, 2023, Gertrude recorded a $72,000 adjustment to Unearned rent revenue to recognize revenue earned during the year. If the balance in Gertrude's Unearned rent revenue account was $58,500 after the adjustments were recorded, what was the amount of cash collected by Gertrude for rent revenue during the year? Multiple Choice $69,500 $74,500 $75,000 $119,500