The accounting records of Army-Navy Surplus Company include the following items:

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Show how these items would be reported on the Army-Navy Surplus Company balance sheet, including headings and totals for current liabilities, long-term liabilities, and so on. Note disclosures are not required.

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Capital lease liability, long-term...... Discount on bonds payable (all long-term).. $ 81,000 Accumulated depreciation, equipment..... Capital lease liability, current........... $ 46,000 18,000 7,000 Mortgage note payable, Interest revenue. 5,000 current 23,000 Equipment acquired Accumulated pension under capital lease. 137,000 benefit obligation. 419,000 Pension plan assets (market value). 382,000 Bonds payable, long-term. 400,000 Interest payable... 13,000 Mortgage note payable, Interest expense 57,000 long-term.... 82,000 Bonds payable, current portion........ 75,000