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3. From the following, prepare the long-term liabilities section of a balance sheet: a. Sinking Fund $275,000 b. Premium on 13% bonds 7,000 c. Discount

3. From the following, prepare the long-term liabilities section of a balance sheet:

a. Sinking Fund $275,000

b. Premium on 13% bonds 7,000

c. Discount on 16% bonds 13,000

d. 13% Bonds Payable 600,000

e. 16% Bonds Payable 180,000

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