3. Spring Water Corporation has the following selected accounts at March 31, 2020 after posting adjusting entries: Accounts Payable, March 31, 2020 $ 67,500 Accounts Payable, March 31, 2019. 61,500 Credit Purchases... 625,750 Bank Loan Payable, 3-month. 135,000 Employee Benefits Expense 6,000 Interest Payable.... 7,550 Mortgage Payable... 135,000 Income Tax Payable.. 14,000 Instructions a) Prepare the current liability section of Spring Water Corporation's statement of financial position, assuming $19,500 of the mortgage is payable next year. b) Calculate the A/P turnover, day's turnover and working capital. Comment on Spring Water's liquidity, assuming total current assets are $575,000 and supplier terms are net 30