The following trial balance of Blossom Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment Blossom Company Trial Balance December 31, 2020 Dr. Cr. Cash $ 877500 Accounts receivable (net) 2708000 Inventory 2084000 7571000 $ 1767000 652000 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 experises 83000 2343000 3680000 3537000 12888500 11180000 Income tax expenses 530000 $24950500 $24950500 Included in accounts receivable is $1190000 due from a customer and payable in quarterly installments of $148750. The last payment is due December 29.2022. In Blossom's December 31, 2020 balance sheet The current assets totalis $5074500. $5669500 O $6199500. $5520750