Use the following information for questions 98 through 100 The following trial balance of Reese Corp. at December 31, 2017 has been properly adjusted except for the income tax expense adjustment Reese Corp. Trial Balance December 31, 2017 CA Cash & Accounts receivable (net) ct Inventory $ 875,000 2,695,000 2,085,000 7,566,000 Property, plant, and equipment (net) Accounts payable and accrued liabilities c Income taxes payable c Deferred income tax liability s Common stock ss Additional paid-in capital SH Retained earnings, 1/1/17 $1,761,000 654,000 85,000 2,350,000 3,680,000 3,490,000 13,560,000 Net sales and other revenues s-t-Costs and expenses 11,180,000 Income tax expenses 1.179,000 $25.580.000 $25.580.000 t Other financial data for the year ended December 31, 2017:d0po Cor) 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 29, 2019 The balance in the Deferred Income Tax Liability account pertains to a temporary difference . that arose in a prior year, of which $20,000 is classified as a current liability During the year, estimated tax payments of $525,000 were charged to income tax expense. The current and future tax rate on all types of income is 30% In Reese's December 31, 2017 balance sheet,t 81. The current assets total is a. $6,180,000 b $5,655,000. ?. $5,505,000. AIR (2615,000-c00 $5,055,000 82. The current liabilities total is a. $1,910,000 b. $1,975,000 c. $2.435,000 d $2,500,000 83. The final retained earnings balance islC a. $4,691,000. b. $4,776,000. c. $5,216,000 d. $5,145,000 1,000 rto ey