Bon Nebo Co. sold 14,500 Annual subscription of Bjorn for $46 during December 20Y5. these new subscribers will receive monthly issues, beginning in January 20Y6. in addition, the business had taxable income of $420,000 during the first calendar quarter of 20Y6. The federal tax rate is 35%. A quarterly tax payment will be made on April 12, 20Y6.

Prepare the "Current liabilities" section of the balance sheet for Bon Nebo Co. on March 31,20Y6.

Current liabilites:

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Federal income taxes payable--------->

Total current liabilities------------------->

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