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3 pts Use the following adjusted trial balance to determine the total long-term liabilities to be reported on the December 31, 2021 balance sheet: $1,070,000

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3 pts Use the following adjusted trial balance to determine the total long-term liabilities to be reported on the December 31, 2021 balance sheet: $1,070,000 67,000 34,000 5-year Bonds Payable 8% (face) (Unamortized) Premium on Bonds Payable Bond Interest Payable (payable every January 1) Notes Payable (3 month) Notes Payable (5 year) Mortgage Payable ($10,000 due currently) Salaries & Wages Payable Taxes Payable (due March 15th of next year) 27.000 111,000 134,000 12,000 17.000 o $1,305,000 $1,315,000 O $1,382,000 $1,372.000

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