REPORTING LONG-TERM DEBT Craig Corporation’s accounting records reveal the following account balances after adjusting entries are made on December 31, 2008:

Accounts payable $ 73,000 Bonds payable (9.4%, due in 2013) 900,000 Capital lease liability* 30,000 Bonds payable (8.3%, due in 2012) 60,000 Deferred tax liability* 127,600 Discount on bonds payable (9.4%, due in 2013) 11,900 Income taxes payable 28,100 Interest payable 33,400 Installment note payable (9%, equal installments due 2009 to 2015) 110,000 Notes payable (7.8%, due in 2017) 350,000 Premium on notes payable (7.8%, due in 2017) 5,000 Zero coupon note payable, $50,000 face amount, due in 2019 29,800 Required:
Prepare the current liabilities and long-term debt portions of Craig’s balance sheet at December 31, 2008. Provide a separate line item for each issue (i.e., do not combine separate bonds or notes payable), but some items may need to be split into more than one item.