1. Centrum Advertising services, a Montreal business has a December 31 year end and prepares a financial statement annually. Centrum gathered the following information to prepare the current liability section of its December 31,2014 balance sheet. Determine what will be included in the current liabilities section Compute the liabilities in each case: [15 marks) a. Centrum borrowed $84000 on January 2 2014 payments are made annually for 5 years each January 2. What are the liabilities for 2016? Year Annual Principal Interest portion Principal Payment proportion of of payment Balance at I $ payment $ year end $ $ 2015 11395 8515 2880 39485 2016 11395 9026 2369 30459 2017 11395 9567 1828 20892 2018 11395 10142 1253 10750 2019 11395 10750 645 0 b. Property taxes of $8750 were unpaid and unrecorded at December 31,2014 Gross Pay 7850 c. The Payroll register showed the following total unpaid amounts as at December 2014 EI Income United CPP Total Net Office Sale Premium Taxes way deductions pay salaries salaries 175.64 3196.75 320 384.75 4065.64 3774.36 1900.00 940.00 d. The company provided services to clients totalling to $188000 including PST and GST in the month of December The unadjusted trial balance showed uncarned service revenue of $ 7600. 55000 of this amount has been earned by December 31 e