eBook Show Me How S Calculator Current Liabilities Bon Nebo Co. sold 18,000 annual subscriptions of Bjorn for $64 during December 2015. These new subscribers will receive monthly issues, beginning in January 2016. In addition, the business had taxable income of $724,000 during the first calendar quarter of 2046. 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 March 31, 2046 Current liabilities: Advances on magazine subscriptions Federal income taxes payable Total current liabilities Check My Work Previous Next > All work saved. Erall Instructor Save and Exit Submit Assignment for Grading