[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 Cash Accounts receivable Interest expense Accounts payable Operating expenses Unearned revenue Equipment Income tax expense $ 57700 51,353 8,375 2,516 5,470 46,737 1,460 22,503 2.885 The following activities occurred in 2016: 1. Performed advertising services on account, $68,250, 2. Received cash payments on account, $13,200. 3. Received deposits from customers for advertising services to be performed in 2017. $4,400. 4. Made payments to suppliers on account, $5,470. 5. Incurred $55,850 of operating expenses: $48,400 was paid in cash and $7450 was on account and unpaid as of the end of the year. yedi. What is the balance of Accounts Receivable at December 31, 2016? Multiple Choice $68,250 $63.425 $67,825 $55,050