The operating cycle of a company is the average time that is required to go from cash to sales in producing revenues. cash in producing revenues. inventory in producing revenues. accounts receivable in producing revenues. Realistic Corporation's December 31, 2018 balance sheet showed the following: $ 200,000 8% preferred stock, S20 par value, cumulative, 20,000 shares authorized; 10,000 shares issued Common stock, $10 par value, 2,000,000 shares authorized; 1,950,000 shares issued, 1,930,000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (20,000 shares) 19,500,000 60,000 24,000,000 7,650,000 630,000 Realistic's total paid-in capital was $43,760,000 $44,390,000 $43,130,000. $24,060,000