The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

Advertising Revenue	$	46,482
Cash		41,516
Accounts Receivable		7,296
Interest Expense		2,299
Accounts Payable		5,000
Operating Expenses		37,460
Deferred Revenue		1,178
Equipment		18,048
Income Tax Expense		2,326

The following activities occurred in 2019:

Performed advertising services on account, $55,000.

Received cash payments on account, $10,400.

Received deposits from customers for advertising services to be performed in 2020, $2,500.

Made payments to suppliers on account, $5,000.

Incurred $45,000 of operating expenses; $39,000 was paid in cash and $6,000 was on account and unpaid as of the end of the year.

What is the balance of Accounts Receivable at December 31, 2019?

Multiple Choice

$51,896.

$55,000.

$44,600.

$54,396.