The following account balarnces are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. $48,850 Advertising Revenue Cash 43,477 Accounts Receivable 7,522 Interest Expense Accounts Payable 2,346 5,100 Operating Expenses 39,569 Deferred Revenue 1,236 Equipment Income Tax Expense 19,052 2,443 The following activities occurred in 2019: 1. Performed advertising services on account, $57,800. 2. Received cash payments on account, $11,000. 3. Received deposits from customers for advertising services to be performed in 2020, $2,900. 4. Made payments to suppliers on account, $5,10O. 5. Incurred $47,300 of operating expenses, $41,000 was paid in cash and $6,300 was on account and unpaid as of the end of the year What is the balance in the Cash account at December 31, 2019? Multiple Choice $49,377 $48,241 $11,277