Present below is Company Ks 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

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.

  $5,670,000

• B.

  $4,280,000

• C.

  $5,522,500

• D.

  $5,080,000