The following trial balance of Pharoah Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment Pharoah Company Trial Balance December 31, 2020 Dr. Cr. Cash $ 876000 2709000 2088000 7561000 $ 1770000 658000 Accounts receivable (net) Inventory Property, plant, and equipment (net) 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 Income tax expenses 84000 2341000 3682000 3487000 12909000 11180000 517000 $24931000 $24931000 Included in accounts receivable is $1210000 due from a customer and payable in quarterly installments of $151250. The last payment is due December 29, 2022 In Pharoah's December 31, 2020 balance sheet. The current liabilities totalis