As of December 31 of the current year, Chernin Corporation has prepared the following information regarding its liabilities and other obligations: Notes payable, of which $10,000 will be repaid within the next 12 months. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 80,000 Interest expense that will result from existing liabilities over the next 12 months