The following trial balance of Cullumber Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment. Cullumber Company Trial Balance December 31, 2020 Dr. Cr. Cash $ 874,500 Accounts receivable (net) 2,700,000 Inventory 2,080,000 Property, plant, and equipment (net) 7,567,000 Accounts payable and accrued liabilities $ 1,768,000 Income taxes payable 658,000 Deferred income tax liability 83.500 Common stock 2.352.000 Additional paid-in capital 3,685,000 3,486,000 Retained earnings, 1/1/20 Net sales and other revenues Costs and expenses 12,877,000 11.160,000 Income tax expenses 528.000 $24.909,500 $24.909,500 Included in accounts receivable is $1,210,000 due from a customer and payable in quarterly installments of $151,250. The last payment is due December 29, 2022. In Cullumber's December 31, 2020 balance sheet, The final retained earnings balance is $4,675,000 $4,591,500. $3,486,000. $5,203,000