The balance sheets for ABC Company at January 1, 2007 and December 31, 2007 are given below:

January 1, 2007 December 31, 2007

ASSETS
Cash 35,000 ?
Accounts receivable ? 97,000
Inventory ? 57,000
Land 80,000 90,000
Equipment 180,000 230,000
Accumulated depreciation <27,000> <41,000>

LIABILITIES + EQUITY
Accounts payable 26,000 51,000
Short-term notes payable 40,000 45,000
Income taxes payable 11,000 ?
Common stock ? 135,000
Retained earnings 213,000 253,000

The following information was taken from ABC Company's 2007 statement of cash flows:

Net cash flow from operating activities 85,000
Net cash flow from investing activities <60,000>
Net cash flow from financing activities <5,000>
Net change in cash 20,000

During 2007, ABC Company reported a cost of goods sold of $170,000, cash paid to suppliers
for purchases of inventory of $118,000, and a net income of $57,000.

find out the balance in the income taxes payable account at December 31, 2007.