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Bon Nebo Co. sold 18,000 annual subscriptions of Bjorn for $51 during December 20Y5. These new subscribers will receive monthly issues, beginning in January 20

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Bon Nebo Co. sold 18,000 annual subscriptions of Bjorn for $51 during December 20Y5. These new subscribers will receive monthly issues, beginning in January 20 Y6. In addition, the business had taxable income of $580,000 during the first calendar quarter of 20Y6. The federal tax rate is 40%. A quarterly tax payme will 12,20Y6 Prepare the "Current liabilities" section of the balance sheet for Bon Nebo Co. on March 31, 20Y6

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