Assume that a company has the following situations existing at its year-end: Refundable deposits received from customers. Dividends in arrears on its cumulative preferred stock. Unearned interest included in the face amount of a note receivable. Estimated property taxes prior to receiving the tax bill. Future warranty costs, but the company uses the modified cash basis. A declared property dividend. Sick pay benefits that accumulate, but do not vest. Current portion of a long-term lease obligation that comes due next year. Current portion of a serial bond payable being paid from a sinking fund. Short-term debt that is being refinanced on a long-term basis. Required: In the answer sheet provided on page 8 use the letter "A" for Yes, letter "B" for No, and letter "C" for Optional to indicate whether each situation should or should not be classified as a current liability or if accrual is optional in the spaces provided on the answer sheet on page 15