Reporting Long-Term Debt}

Craig Corporation's accounting records reveal the following account balances after adjusting entries are made on December 31, 2018:

\section*{Required:}
Prepare the current liabilities and long-term debt portions of Craig's statement of financial position at December 31, 2018. 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.
\section*{OBJECTIVE 2 Problem

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Accounts payable Bonds payable (9.4%, due in 2023) Lease liability* $ 73,000 Interest payable $ 33,400 900,000 30,000 Bonds payable (8.3% due in 2022) 60,000 Deferred tax liability* -127,600 Installment note payable (9%, equal installments due 2019 to 2029) Notes payable (7.8%, due in 2027) Premium on notes payable (7.8%, 110,000 350,000 Discount on bonds payable (9.4%, due in 2027) 5,000 due in 2023) 11,900 3% note payable, $50,000 face Income tax payable 28,100 amount, due in 2029 29,800