a. Anchor's general ledger shows a credit balance of $175,000 in Long-Term Notes Payable. Or the amount, a $35,000 installment becomes due on June 30 of the following year. b. Anchor estimates its unpaid income tax liability for the current year is $47600, it plans to pay this amount in March of the following year. c. On December 31, Anchor received a $21,000 invoice for merchandise shipped on December 28, The merchandise has not yet been received: The merchandise was shipped F.O.B. Shipping point d. During the year, Anchor collected 514,700 of state sales tax. At year-end, it has not yet remitted 51,960 of these taxes to the state department of revenue. e. On December 31, Anchor's bank approved a $7.000, 90-day loan, Anchor plans to sign the note and receive the money on January 2 of the following year. Current Liability Long-Term Liability a, Balance in Long Term Notes Payable Unpaid income tax liability Merchandise shipped FOB Shipping Point d. Sales tax collected e. Bank loan