[The following information applies to the questions displayed below.]

The following account balances are taken from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting.

Advertising revenue	$ 58,322
Cash	51,907
Accounts receivable	8,426
Interest expense	2,530
Accounts payable	5,500
Operating expenses	47,241
Unearned revenue	1,476
Equipment	22,746
Income tax expense	2,916

The following activities occurred in 2016:

1.	Performed advertising services on account, $69,000.
2.	Received cash payments on account, $13,400.
3.	Received deposits from customers for advertising services to be performed in 2017, $4,500.
4.	Made payments to suppliers on account, $5,500.
5.	Incurred $56,450 of operating expenses; $48,950 was paid in cash and $7,500 was on account and unpaid as of the end of the year.

3. value:

What is the balance in the Cash account at December 31, 2016?

$15,357

$59,807

$57,328

$51,907

4. value:

What is the amount of revenue that will be reported on the income statement for the year ended December 31, 2016?

$48,950.

$69,000.

$63,500.

$73,500.