Bon Nebo Co. sold 12,000 annual subscriptions of Bjorn for $44 during December 20 Y5. These new subscribers will receive monthly issues, beginning in January 20Y6. In addition, the business had taxable income of $332,000 during the first calendar quarter of 20Y6. The federal tax rate is 38%. A quarterly tax payment will be made on April 12, 20 Y6. Prepare the "Current llabilitles" section of the balance sheet for Bon Nebo Co. on March 31, 20Y6