The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

Advertising revenue	$ 53,586
Cash	47,692
Accounts receivable	7,974
Interest expense	2,438
Accounts payable	5,300
Operating expenses	43,405
Unearned revenue	1,356
Equipment	20,899
Income tax expense	2,679

The following activities occurred in 2016:

1.	Performed advertising services on account, $63,400.
2.	Received cash payments on account, $12,200.
3.	Received deposits from customers for advertising services to be performed in 2017, $3,700.
4.	Made payments to suppliers on account, $5,300.
5.	Incurred $51,900 of operating expenses; $45,000 was paid in cash and $6,900 was on account and unpaid as of the end of the year.

5.

value: 1.00 points

Required information

What is the balance in the Cash account at December 31, 2016?

$52,784

$13,292

$54,592

$47,692

6.

value: 1.00 points

Required information

What is the balance of Accounts Receivable at December 31, 2016?

$63,400

$62,874

$51,200

$59,174

7.

value: 1.00 points

Required information

What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2016?

$63,400.

$58,100.

$67,100.

$45,000.