Your answer is incorrect The following trial balance of Sunland Company at December 31, 2020 has been properly adjusted except for the Income tax expense adjustment. Cr. $ Sunland Company Trial Balance December 31, 2020 Dr. Cash $ 879000 Accounts receivable (net) 2699000 Inventory 2085000 Property, plant, and equipment (net) 7563000 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 11160000 Income tax expenses 532000 $24918000 1762000 655000 83500 2359000 3685000 3506000 12867500 $24918000 Included in accounts receivable is $1180000 due from a customer and payable in quarterly installments of $147500. The last payment is due December 29, 2022. In Sunland's December 31, 2020 balance sheet. The current assets total is $6195000 $5663000 $5515500 $5073000