Robb Company requires advance payments with special orders from customers for machinery constructed to their specification. Information for 1998 is:
Customer advances-balance 12/31/97 $590,000Advances received with orders in 1998 920,000Advances applied to orders shipped in 1998 820,000Advances applicable to orders canceled in 1998 250,000
At December 31, 1998, what amount should Robb report as a current liability for customer deposits?
a. $0.
b. $440,000.
c. $690,000.
d. $740,000