og 304.01 - Intermediate Accounting Circle the correct answer 7 e se the following information for questions 23 through 25. The following trial balance of DoDropin Corp. at December 31, 2020 has been properly adjusted. DoDropin Corp. Trial Balance December 31, 2020 Dr. Cr. Cash $ 875,000 Accounts receivable (net) 2,695,000 Inventory 2,085,000 Property, plant, and equipment (net) 8,269,000 Accounts payable and accrued liabilities $ 1,761,000 Income taxes payable 654,000 Deferred income tax liability 85,000 Common stock 2,350,000 Additional paid-in capital 3,680,000 Retained earnings, 1/1/20 3,490,000 Net sales and other revenues 13,560,000 Costs and expenses 11,180,000 Income tax expense 476,000 $25,580.000 $25,580,000 Other financial data for the year ended December 31, 2020: Included in accounts receivable is $1.200.000 due from a customer and payable in quarterly installments of $150,000. The last payment is due December 29, 2022. During the year, estimated tax payments of $525,000 were charged to income tax expense. The current and future tax rate on all types of income is 30%. In DoDropln's December 31, 2020 balance sheet, 23. The current assets total is a. $6,180,000 b. $5,655,000. c. $5,505,000. d. $5,055,000. 24. The current liabilities total is a. $1,910,000. b. $1,975,000 C. $2,415,000. d. $2,500,000 25. The ending retained earnings balance is a. $3,490,000 b. $5,309,000. c. $5,394,000. d. $5,870,000