[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	$ 52,402
Cash	46,638
Accounts receivable	7,861
Interest expense	2,415
Accounts payable	5,250
Operating expenses	42,446
Unearned revenue	1,326
Equipment	20,437
Income tax expense	2,620

The following activities occurred in 2016:

1.	Performed advertising services on account, $62,000.
2.	Received cash payments on account, $11,900.
3.	Received deposits from customers for advertising services to be performed in 2017, $3,500.
4.	Made payments to suppliers on account, $5,250.
5.	Incurred $50,700 of operating expenses; $43,950 was paid in cash and $6,750 was on account and unpaid as of the end of the year.

What is the balance of Accounts Receivable at December 31, 2016?

$61,461

$57,961

$62,000

$50,100

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

$43,950.

$62,000.

$65,500.

$56,750.