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 Cash Accounts Receivable Interest Expense Accounts Payable Operating Expenses Deferred Revenue Equipment Income Tax Expense $ 49,412 43,977 7,584 2,355 5, 120 40,024 1,250 19,271 2,471 The following activities occurred in 2019: 1. Performed advertising services on account, $58,450. 2. Received cash payments on account, $11,100. 3. Received deposits from customers for advertising services to be performed in 2020, $3,000. 4. Made payments to suppliers on account, $5,120. 5. Incurred $47,800 of operating expenses; $41,400 was paid in cash and $6,400 was on account and unpaid as of the end of the year. What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2019? Multiple Choice O $58,450. $41,400. O $61,450. $53,330