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The following trial balance of Oriole Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment Cr. $ Oriole

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The following trial balance of Oriole Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment Cr. $ Oriole Company Trial Balance December 31, 2020 Dr. Cash $ 879000 Accounts receivable (net) 2693000 Inventory 2088000 Property, plant, and equipment (net) 7566000 Accounts payable and accrued liabilities Income taxes payable Deferred income tax liabllity Common stock Additional pald-in capital Retained earnings. 1/1/20 Net sales and other revenues Costs and expenses 11180000 Income tax expenses 517000 $24923000 1766000 652000 85000 2351000 3675000 3570000 12824000 $24923000 Included it accounts receivable is 51190000 due from a customer and payable in quarterly installments of $148750. The last paymentis due December 29 2022 Retained earings, 11/20 Net sales and other revenues Costs and expenses Income tax expenses 3570000 12824000 11180000 517000 $24923000 $24923000 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 Oriole's December 31, 2020 balance sheet, The current liabilities total is O $1923000. 0 $1986000 O $2503000 O $2418000

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