Wilson Trucking, Incorporated reports these account balances at January 1, Year 2 (shown in alphabetical order):

Accounts Payable$ 220,000Accounts Receivable200,000Buildings480,000Capital Stock680,000Cash160,000Equipment320,000Land400,000Notes Payable520,000Retained Earnings140,000

On January 5, Year 2, Wilson Trucking collected $175,000 of its accounts receivable, paid $150,000 on its accounts payable, and paid $11,000 on its note payable.

In a trial balance prepared for Wilson Trucking on January 1, Year 2, the total of the credit column is:

Multiple Choice

$1,580,000.

$1,560,000.

$1,620,000.

$3,120,000.