5) At December 31,2022 , Lansing Company's general ledger shows the following balances after posting adjusting entries: Additional information: 1. $50,000 of the 8% note due December 31,2027 is due on December 31,2023. 2. The Accrued Warranty Payable relates to a multiple year product warranty. One-half of the liability will be honored in 2023 , and one-half in 2024. 3. The Unearned Service Revenue pertains to a service contract to be performed in 2024. Required: Prepare the liability section of Lansing Company's balance sheet at December 31, 2022. 5) At December 31,2022 , Lansing Company's general ledger shows the following balances after posting adjusting entries: Additional information: 1. $50,000 of the 8% note due December 31,2027 is due on December 31,2023. 2. The Accrued Warranty Payable relates to a multiple year product warranty. One-half of the liability will be honored in 2023 , and one-half in 2024. 3. The Unearned Service Revenue pertains to a service contract to be performed in 2024. Required: Prepare the liability section of Lansing Company's balance sheet at December 31, 2022