Cr. White Incorporated's adjusted trial balance on December 31, 2021, is as follows: White Incorporated Trial Balance December 31, 2021 Dr. Cash $ 737,500 Accounts receivable (net) 1,047,500 Inventory 1,192,500 Property, plant, and equipment (net) 4,183,000 Accounts payable and accrued liabilities Income taxes payable Future income tax liability Common shares Contributed surplus Retained earnings, Jan 1, 2021 Net sales and other revenues Costs and expenses 5,040,000 Income tax expenses 689,500 $12,890,000 $990,500 342,000 37,500 1,675,000 1,340,000 2,325,000 6,180,000 Activ $12.890,000 TO Retained earnings, Jan 1, 2021 Net sales and other revenues 2,325,000 6,180,000 Costs and expenses Income tax expenses 5,040,000 689,500 $12,890,000 $12,890,000 Other financial data for the year ended December 31, 2021: 1. Included in accounts receivable is $360,000 due from a customer and payable in quarterly instalments of $45,000. The last payment is du December 29, 2023. 2. The balance in the future income tax liability account relates to a temporary difference that arose in a prior year, of which $15,000 is class as a current liability In White's December 31, 2021 statement of financial position, the final retained earnings balance is: O $2,567,500 O $2,775,500 o $3,066,000 O $3,008,000 Activate Windows Go to Settings to activat