The accounting records of Franco Wireless include the following as of December 31, 2025: 

Requirements 

1. Report these liabilities on the Franco Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities. 

2. Compute Franco Wireless’ debt to equity ratio at December 31, 2025.

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Accounts Payable Mortgages Payable (long-term) Interest Payable Bonds Payable (long-term) Total Stockholders' Equity $ 75,000 Salaries Payable 72,000 Bonds Payable (current portion) 17,000 Premium on Bonds Payable 163,000 Unearned Revenue (short-term) 170,000 $ 7,500 17,000 12,000 3,200