Current Liabilities Bon Nebo Co. sold 19,000 annual subscriptions of Bjorn for $59 during December 2015. These new subscribers will receive monthly issues, beginning in January 2016. In addition, the business had taxable income of $708,000 during the first calendar quarter of 2016. The federal tax rate is 38%. A quarterly tax payment will be made on April 12, 2016 Prepare the "Current liabilities" section of the balance sheet for Bon Nebo Co. on March 31, 2016. Bon Nebo Co. Current Liabilities Section of Balance Sheet Curren March 31, 2016 abilities: Au ances on magazine subscriptions: Federal income taxes payable Total curent liabilities O