Blue Socks' account balances at June 30, 2014, include the following:

Requirement
1. Prepare the liabilities section of Blue Socks' balance sheet at June 30,2014.

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Data Table 6,500 Cash Long-term notes payable Accounts payable Current portion of long-term notes payable Common stock Premium on bonds payable Sales taxes payable 117,000 Building, net of depreciation 13,200 Interest payable (due next year) 8,000 FICA taxes payable 400,000 Accounts receivable 12,000 Bonds payable (Maturity date 12/31/2020) 4,000 Retained earnings 780,000 1,900 145,000 400,000 98,000