Santana, Inc. reports the following liabilities (in thousands) on its January 31, 2014, balance sheet and notes to the financial statements.

Instructions
(a) Identify which of the above liabilities are likely current and which are likely long-term. List any items that do not fit in either category. Explain the reasoning for your selection.
(b) Prepare the liabilities section of Santana€™s balance sheet as at January 31,2014.

Transcribed Image Text:

$6,746.7 1,641.7 335.6 858.1 Notes payable (due in 2015 2,563.6 Unused operating line of credit 3,337.6 1,417.3 Accounts payable Accrued pension liability 1,15.2 Operating leases $4,263.9 Mortgage payable d rent revenue 1,058. Notes payable (due in 2017) Bonds payable Current portion of 1,961.2 Salaries and wages payable mortgage payable Income taxes payable 1,9922 265.2 Warranty liability current