Master Suites Hotels includes the following selected accounts in its general ledger at December 31, 2016:
Notes Payable (long-term).......$ 250,000
Bonds Payable (due 2022)....... 450,000
Interest Payable (due next year)..... 1,700
Estimated Warranty Payable....... 1,500
Accounts Payable.......... $ 41,000
Discount on Bonds Payable....... 13,500
Salaries Payable.......... 3,100
Sales Tax Payable........... 700
Prepare the liabilities section of Master Suites’s balance sheet at December 31, 2016.