The following trial balance of Reese Corp. at December 31, 2019 has been properly adjusted except for the income tax expense adjustment. Reese Corp. Trial Balance December 31, 2019 Dr. $ 775,000 2,695,000 2,085,000 7,566,000 $ 1,701,000 Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Accounts payable and accrued liabilities Income taxes payable Pension liability Common stock Additional paid-in capital Retained earnings, 1/1/19 Net sales and other revenues Costs and expenses Income tax expenses 654,000 85,000 2,350,000 3,680,000 3,450,000 13,560,000 11,180,000 1.179,000 $25,480,000 $25.480,000 Other financial data for the year ended December 31, 2019: Included in accounts receivable is $1,200,000 due from a customer and payable in quarterly installments of $150,000. The last payment is due December 30, 2021. The balance in the Pension Liability account pertains to all employees for their future retirement, however $20,000 of the pension will be paid next year to an employee who retired at the end of this year. During the year, tax payments of $525,000 due to the government were recorded as income tax expense instead. The current tax rate on all types of income is 30%. In Reese's December 31, 2019 balance sheet, the current assets total is $ The current liabilities total is $ ; while the final (corrected) Retained Earnings balance is $