The following trial balance of Ivanhoe Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment. Cr. Ivanhoe Company Trial Balance December 31, 2020 Dr. Cash $ 878000 Accounts receivable (net) 2690000 Inventory 2082000 Property, plant, and equipment (net) 7567000 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 11190000 Income tax expenses 516000 $24943000 $ 1760000 656000 85500 2342000 3677000 3526000 12896500 $24943000 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 Ivanhoe's December 31, 2020 balance sheet, The final retained earnings balance is $3526000. $4611000. $4696500. O $5232500