40. Janson Corporation Co.'s general ledger accounts included the following account balances at December 31,2018: Accounts payable Bond payable, due 2027 Salaries payable Note payable, due 2019 Note payable, due 2023 $ 25,000 22,000 16,000 20,000 40,000 What amount should be included in the current liabilities section of Janson's December 31,2018 balance sheet? A) $63,000. B) $41,000. C) $61,000. D) $101,000. 41. On November 1, 2018, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, with the contract to start immediately. King agreed to pay Taylor $4,800 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2019. Taylor should recognize revenue in 2018 in the amount of A) S0. B) $800. C) $2,400. D) $4,800 42. On July 15, 2018, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price of $90,000. The system included finely tuned scales that fit into EverFresh's automated assembly line, Ortiz's proprietary software modified to allow the weighing system to function in EverFresh's automated system, and a one-year contract to calibrate the equipment and software on an as-needed basis. (Ortiz competes with other vendors who offer ongoing calibration contracts for Ortiz's systems.) If Ortiz was to provide these goods or services separately, it would charge $60,000 for the scales, $10,000 for the software, and $30,000 for the calibration contract. Ortiz delivered and installed the equipment and software on August 1, 2018, and the calibration service commenced on that date. Assume that the scales, software and calibration service are all separate performance obligations How much revenue will Ortiz recognize in 2018 for this contract? A) SO B) $63,000 C) $74,250 D) $90,000