Multiple choice and explain the solution.

The following trial balance of JB Company at December 31 , year five, has been adjusted except for income taxes. The income tax rate is 30%. During Year five, estimated tax payments of $225,000 were paid and debited to prepaid taxes. There were no differences between financial statement and taxable income for year five. Included in accounts receivable is $400,000 due from a loyal customer. Special terms were granted to this customer to make payments of $100,000 semi-annually every March 1 and September 1. In JB Company's December 31 , Year five Balance Sheet, what amount should be reported as total assets? A) $1,575,000 B) $1,775,000 C) $2,000,000 D) $5,875,000