The following trial balance of Ivanhoe Company at December 31, 2017 has been properly adjusted except for the income tax expense adjustment.

Ivanhoe Company Trial Balance December 31, 2017
		Dr.			Cr.
Cash		$	876000
Accounts receivable (net)			2705000
Inventory			2085000
Property, plant, and equipment (net)			7563000
Accounts payable and accrued liabilities					$	1763000
Income taxes payable						653000
Deferred income tax liability						84000
Common stock						2353000
Additional paid-in capital						3676000
Retained earnings, 1/1/17						3530000
Net sales and other revenues						13536000
Costs and expenses			11190000
Income tax expenses			1176000
			$25595000			$25595000

Other financial data for the year ended December 31, 2017: Included in accounts receivable is $1180000 due from a customer and payable in quarterly installments of $147500. The last payment is due December 29, 2019. The balance in the Deferred Income Tax Liability account pertains to a temporary difference that arose in a prior year, of which $20000 is classified as a current liability. During the year, estimated tax payments of $523000 were charged to income tax expense. The current and future tax rate on all types of income is 30%. In Ivanhoes December 31, 2017 balance sheet, The current liabilities total is