Consider the following situations.

a. A note to the financial statements of Mapco, Inc., reported (in thousands):

Assume that none of the unamortized discount is related to the current portion of long-term debt. Show how Mapco's balance sheet would report these liabilities.

b. El Campo Incorporated's pension plan has assets with a market value of \(\$ 720,000\). The plan's accumulated benefit obligation is \(\$ 770,000\). What amount of long-term pension liability, if any, will \(\mathrm{El}\) Campo report on its balance sheet?
Analyzing alternative plans for raising money (Obj. 5 )

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Note 5: Long-Term Debt Total.......... Less Current portion Unamortized discount.. Long-term debt........ $537,888 22,085 1,391 $514,412