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The following trial balance of XYZ Corp. at December 31, 2020 has been properly adjusted. XYZ Corp. Trial Balance December 31, 2020 Dr. Cr.

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The following trial balance of XYZ Corp. at December 31, 2020 has been properly adjusted. XYZ Corp. Trial Balance December 31, 2020 Dr. Cr. Cash $ 875,000 Accounts receivable (net) 2,695,000 Inventory Property, plant, and equipment (net) Accounts payable and accrued liabilities Income taxes payable Deferred income tax liability 2,085,000 8,269,000 $ 1,761,000 654,000 85,000 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: 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. Compute the following: 1. Current assets Blank 1 2. Current liabilities Blank 2 3. Retained earnings at year-end Blank 3

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