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

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

Star Company Trial Balance December 31, 2017

Dr.

Cr.

Cash

$

876000

Accounts receivable (net)

2704000

Inventory

2090000

Property, plant, and equipment (net)

7565000

Accounts payable and accrued liabilities

$

1768000

Income taxes payable

660000

Deferred income tax liability

85000

Common stock

2341000

Additional paid-in capital

3683000

Retained earnings, 1/1/17

3492000

Net sales and other revenues

13533000

Costs and expenses

11150000

Income tax expenses

1177000

$25562000

$25562000

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 $21500 is classified as a current liability. During the year, estimated tax payments of $517000 were charged to income tax expense. The current and future tax rate on all types of income is 30%. In Stars December 31, 2017 balance sheet, what is the currennt asset total?

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