The following account balances are taken from the December 31. 2015. financial statements of ABZ Advertising Company The company uses accrual basis accounting. The following activities occurred In 2016: Performed advertising services on account. $64, 050 a Received cash payment on account. $12, 300 Received deposits from customers for advertising services to be performed in 2017. $3, 800 Made payments to suppliers on account $5, 320 Incurred $52, 400 of operating expenses. $45, 400 was paid in cash and $7000 was on account and unpaid as of the end of the year What is the balance in the Cash account at December 31. 2016? $53.321 $55.372 $13.572 $48.392 What is the amount of revenue that will be reported on the income statement for the year ended December 31. 2016? $67.850 $58.730 $45, 400 $64, 050