Question 6 1 pts The following trial balance of Crane Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment. Crane Company Trial Balance December 31, 2020 Dr. Cr. Cash $ 877,500 2,702,000 Accounts receivable (net) Inventory 2,087,000 7,565,000 1,762,000 654,000 85,500 2,359,000 Property, plant, and equipment (net) Accounts payable and accrued liabilities Income taxes payable Deferred income tax liability Common stock Additional paid-in capital Retained earnings, 1/1/20 Net sales and other revenues Costs and expenses Income tax expenses 3,677,000 3,555,000 12,846,000 11,190,000 517.000 $24.938,500 $24,938,500 Included in accounts receivable is $1,220,000 due from a customer and payable in quarterly installments of $152,500. The last payment is due December 29, 2022. In Crane's December 31, 2020 balance sheet, The final retained earnings balance is $5,211,000. $4,694,000. $4,608,500. $3,555,000