Current Liabilities Bon Nebo Co. sold 15,000 annual subscriptions of Magazine 20XX for $64 during December 20Y8. These new subscribers will receive monthly issues, beginning in January 2019. In addition, the business had taxable income of $604,000 during the first calendar quarter of 2049. The federal tax rate is 40%. A quarterly tax payment will be made on April 12, 2019. w balance sheet for Bon Nebo Co. on March Prepare the Current Liabilities se 31, 2049 Bon Nebo co Current Liabilities Section of Balance Sheet March 31, 2049 Federal income taxes payable Advances on magazine subscriptions Total current liabilities Chp