Craig Corporation€™s accounting records reveal the following account balances after adjusting entries are made on December 31, 2011:

Required:
Prepare the current liabilities and long-term debt portions of Craig€™s balance sheet at December 31, 2011. Provide a separate line item for each issue (do not combine separate bonds or notes payable), but some items may need to be split into more than one item.

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$ 73,000 Inest payable $ 33,400 Accounts payable Bondspayable (9.4%, due in 2016) Lease liability* Bonds payable 18.3% due in 2015) Deferred tax liability Discount on bonds payable 900,000 30,000 60,000 127,600 Installment note payable (9%, equal installments due 2012 to 2022) 110,000 Notes payable(7.8%, due in 2020) Premium on notes payable 350,000 5,000 29,800 (7.8%, due in 2020) 19.4%, due in 2016) Income taxes payable 11 ,900 28,100 3% note payable, $50,000 face amount, due in 2022 LongHerm liability