ans 3 and 5

Dominique, the CFO for Trattoria Inc., asked you to classify the following liabilities for the December 31, 2020, statement of financial position: Identify each of the liabilities as current or non-current. (Note that some liabilities may be classified partially as current and partially as non-current.) 1. 2. 3. 4. Trattoria declared a dividend in 2020 of $23,000, which is payable on January 31, 2021. During the month of December, Trattoria settled warranty claims with customers by issuing in-store credit totalling $14.000 On August 1, 2020, Trattoria obtained a $9,600 five-year loan with annual equal principal repayments of $1,920 due on July 31. Interest at 10% per year is payable every six months on January 31 and July 31. In December, the company withheld deductions totalling $6,200 from its employees, which will be remitted on January 15, 2021. During 2020. customers purchased five-year extended warranty plans totalling 536,000. Management expects that claims under these warranties will be equal in each year of the warranty period. During the December holiday shopping period, the company sold $4,500 in gift cards. During 2020. Trattoria obtained a $5.000 loan with a three-year term from a bank. The loan contains a current ratio requirement, which the company breached on December 31. Breaching this requirement can trigger immediate repayment of the loan. 5 6. 7. Current Long-term 1. Current 23000 $ 0 $ $ 2. Current 14000 $ 0 3. Current and Long-term $ $ 4. Current $ 6200 $ 0 5. Current and Long-term $ $ 6. Current $ 4500 $ 0 7. Current $ 5000 $ O