Trinidad Industries Inc. has the following selected accounts at December 31, 2020)

Prepare the liabilities section of Trinidad's balance sheet at December 31, 2020, to show how Trinidad would report these items. Report total current liabilities and total liabilities.

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GST Payable (net of ITC).. Bonds payable.. Equipment Current portion of bonds payable... $ 17,000 300,000 120,000 40,000 Notes payable, long-term.... 100,000 Interest payable (due March 1, 2021). Accounts payable..... 10,000 44.000 Discount on bonds payable (all long-term).. Accounts receivable..... 10,000 34,000