The following trial balance of XYZ Corp. at December 31, 2020 has been properly adjusted. XYZ Corp. Cash Accounts receivable (net) Trial Balance December 31, 2020 Dr. Cr. $ 875,000 2,695,000 2,085,000 8,269,000 $ 1,761,000 Inventory Property, plant, and equipment (net) Accounts payable and accrued liabilities Income taxes payable Deferred income tax liability 654,000 Common stock Additional paid-in capital Retained earnings, 1/1/20 Net sales and other revenues Costs and expenses Income tax expense Other financial data for the year ended December 31, 2020: 85,000 2,350,000 3,680,000 3,490,000 13,560,000 11,180,000 476,000 $25,580,000 $25,580,000 $1,200,000 due from a customer (credit customer's account) was netted from accounts receivable. That is payable on December 31, 2021