Montauk Oil Company reports these account balances at December 31, Year 1 On January 2, Year 2, Montauk Oil collected $58,000 of its accounts receivable and paid $28,000 of its accounts payable. In a trial balance prepared at January 3, Year 2 , the total of the debit column is: Multiple Choice $792,000. $1,642,000 $764,000. $386,000