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Present below is Company K's trial balance ended December 31, 2022. Company K Trial Balance December 31, 2022 Dr. Cr. Cash $ 176,000 Accounts receivable
Present below is Company K's trial balance ended December 31, 2022. Company K Trial Balance December 31, 2022 Dr. Cr. Cash $ 176,000 Accounts receivable (net) 2,504,000 Inventory 2,190,000 Property, plant, and equipment (net) 7,565,000 Accounts payable and accrued liabilities $ 1,768,000 Income taxes payable 660,000 Deferred income tax liability 85,000 Common stock 2,341,000 Additional paid-in capital 3,683,000 Retained earnings, 1/1/21 3,492,000 Net sales and other revenues 12,073,000 Costs and expenses 11,150,000 Income tax expenses 517,000 $24,102,000 $24,102,000 Deferred income tax habit Common stock 2,341,000 Additional paid-in capital 3,683,000 Retained earnings, 1/1/21 3,492,000 Net sales and other revenues 12,073,000 Costs and expenses 11,150,000 Income tax expenses 517,000 $24,102,000 $24,102,000 Included in accounts receivable is $1,180,000 due from a customer and payable in quarterly installments of $147,500. The last payment is due December 29, 2024. In December 31, 2022 balance sheet, the total current assets is: A. $5,522,500 B. $5,670,000 C. $4,280,000 D. $5,080,000 Reset Selection
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