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The following activities occurred in 2021: 1. Performed advertising services on account, $64,800. 2. Received cash payments on account, $12,500. 3. Received deposits from customers

image text in transcribed The following activities occurred in 2021: 1. Performed advertising services on account, $64,800. 2. Received cash payments on account, $12,500. 3. Received deposits from customers for advertising services to be performed in 2022,$3,900. 4. Made payments to suppliers on account, $5,350. 5. Incurred $53,000 of operating expenses; $45,900 was paid in cash and $7,100 was on account and unpaid as of the end of the year. What is the balance in the Cash account at December 31, 2021? Multiple Choice $55,895 $48,745 $13,895

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