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The following trial balance of Sunland Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment Suntand Company Trial

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The following trial balance of Sunland Company at December 31, 2020 has been properly adjusted except for the income tax expense adjustment Suntand Company Trial Balance December 31, 2020 DC cr. Cash 5 877000 Accounts receivable (net) 2698000 Inventory 2085000 7565000 $ 1768000 659000 84000 2343000 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 3680000 3545000 12832000 11160000 526000 $24911000 $24911000 Included in accounts receivable is $1220000 due from a customer and payable in quarterly installments of 5152500. The last payment is due December 29, 2022. In Sunland's December 31, 2020 balance sheet, The current assets totalis $6186000 $5050000 $5507500 $5660000

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