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The following trial balance of Carla Vista Co. at December 31, 2020 has been properly adjusted except for the income tax expense adjustment. Carla Vista
The following trial balance of Carla Vista Co. at December 31, 2020 has been properly adjusted except for the income tax expense adjustment. Carla Vista Co. Trial Balance December 31, 2020 Dr. Cr. $ 873000 2708000 2085000 7566000 $ Cash Accounts receivable (net) Inventory 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 1769000 659000 83000 2360000 3683000 3510000 12857000 11180000 509000 $24921000 $24921000 Included in accounts receivable is $1200000 due from a customer and payable in quarterly installments of $150000. The last payment is due December 29, 2022. In Carla Vista's December 31, 2020 balance sheet, The final retained earnings balance is O $3510000. O $4595000. O $4678000. $5187000. Activate Oto Settir
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