Current Liabilities Bon Nebo co sold 17.500 annual subscriptions of torn for $61 during December 2005. These new subscribers will receive monthly issues, beginning in January 2016. In addition, the business has taxable Income of $672,000 during the first calendar quarter of 2006. The federal tax rate is 40. A quarterly tax payment will be made on April 12, 2016 Prepare the current abieles section of the balance sheet for Bon Nebo Co. on March 31, 2016, Bon Neba Co. Current Liabilities Section of Balance Sheet March 31, 2016 Current liabilities Advances on magazine subscriptions Federal income taxes payable Total current liabilities