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 $ 879,000 Accounts receivable (net) 2,693,000 Inventory 2,085,000 Property, plant, and equipment (net) 7,561,000 Accounts payable and accrued liabilities $ 1,758,000 Income taxes payable 658,000 Deferred income tax liability 86,000 Common stock 2,351,000 Additional paid-in capital 3,675.000 Retained earnings, 1/1/20 3,565.000 Net sales and other revenues 12.803,000 Costs and expenses 11.150.000 Income tax expenses 528.000 $24,896,000 $24,896,000 Included in accounts receivable is $1.180.000 due from a customer and payable in quarterly installments of $147.500. The last payment is due December 29, 2022 In Cullumber's December 31, 2020 balance sheet, The current liabilities total is $2,502,000. $2,416,000 $1,906,500. $1,974,000