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Cullumber Corp. Trial Balance December 31, 2025 $873500Dr.CCr. Cash Accounts receivable (net) 2700000 2082000 Inventory Property, plant, and equipment (net) 7572000 Accounts payable and accrued
Cullumber Corp. Trial Balance December 31, 2025 $873500Dr.CCr. Cash Accounts receivable (net) 2700000 2082000 Inventory Property, plant, and equipment (net) 7572000 Accounts payable and accrued liabilities $1758000 Income taxes payable 660000 Deferred income tax liability 86000 Common stock Additional paid-in capital Retained earnings, 1/1/25 Other financial data for the year ended December 31,2025: - Included in accounts receivable is $1210000 due from a customer and payable in quarterly installments of $151250. The last payment is due December 29,2026. - During the year, estimated tax payments of $528000 were charged to income tax expense. The current and future tax rate on all types of income is 35%
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