Show Me How Calculator Print Item Current Liabilities Bon Nebo Co. sold 14,000 annual subscriptions of Bjorn for $60 during December 205. These new subscribers will receive monthly issues, beginning in January 2016 In addition, the business had taxable income of $528,000 during the first calendar quarter of 2016. The federal tax rate is 35%. A quarterly tax payment will be made on April 12, 2016 Prepare the "Current liabilities" section of the balance sheet for Bon Nebo Co. on March 31, 2076. Bon Nebe Co. Current Liabilities Section of Balance Sheet March 31, 2016 Current abaties Advances on magazine subscriptions Federal com es payable Total current abilities