Assume that the Jasmine Plastics Inc., a manufacturer of plastic pipe for the construction industry and located in Red Deer, Alberta, faced the following liability situations at June 30, 2017, the end of the company's fiscal year. Show how Jasmine Plastics Inc. would report these liabilities on its balance sheet at June 30, 2017 (Click on the icon to view the situations.) a. Long-term debt totals $9 million and is payable in annual instalments of $1.8 million each. The interest rate on the debt is 4%, and the interest is paid each December 31. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty: do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: Situations b. Salary expense for t other withholdings and dollars. If a box is not DOO was withheld, and nounts in whole Liabilities at June 30,2 Current liabilities: a. Long-term debt totals $9 million and is payable in annual instalments of $1.8 million each. The interest rate on the debt is 4%, and the interest is paid each December 31. b. Salary expense for the last payroll period of the year was $97,500. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,400. These payroll amounts will be paid in early July. c. Since the last reporting period, GST of $300,000 had been collected, and ITCs of $106,000 had been earned. d. On fiscal-year 2017 sales of $30 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016. Estimated Warranty Liability stood at $160,000. Warranty payments were $350,000 during the year ended June 30, 2017 Long-term liabilities: ter all amounts in c. Since the last reporti whole dollars. If a box Print Print Done] Assume that the Jasmine Plastics Inc., a manufacturer of plastic pipe for the construction industry and located in Red Deer, Alberta, faced the following liability situations at June 30, 2017, the end of the company's fiscal year. Show how Jasmine Plastics Inc. would report these liabilities on its balance sheet at June 30, 2017 Click on the icon to view the situations.) a. Long-term debt totals $9 million and is payable in annual instalments of $1.8 million each. The interest rate on the debt is 4%, and the interest is paid each December 31. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: b. Salary expense for the last payroll period of the year was $97,500. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,400. These payroll amounts will be paid in early July. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty: do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: c. Since the last reporting period, GST of $300,000 had been collected, and ITCs of $106,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: d. On fiscal-year 2017 sales of $30 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016, Estimated Warranty Liability stood at $160,000. Warranty payments were $350,000 during the year ended June 30, 2017. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: a. Long-term debt totals $9 million and is payable in annual instalments of $1.8 million each. The interest rate on the debt is 4%, and the interest is paid each December 31. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty: do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash Lo, Current portion of long-term debt Interest expense Interest payable Long-term debt b. Long-term interest payable /ear was $97,500. Of this amount, employees' income tax of $24,000 was withheld, and oth. .. . . .. . .. .400. These payroll amounts will be paid in early July (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Long-term liabilities: b. Salary expense for the last payroll period of the year was $97,500. Of this amount, employees' income tax of $24,000 was withheld, and other withholdings and employee benefits were $6,400. These payroll amounts will be paid in early July (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty: do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Cash To Employee withheld income tax payable Income taxes payable Long-term salary payable Other employee withholdings and benefits payable c. Salary expense wh Salary payable cted, and ITCs of $106,000 had been earned. (Enter all amounts in mpty: do not select a label or enter a zero.) c. Since the last reporting period, GST of $300,000 had been collected, and ITCs of $106,000 had been earned. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty: do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Lo Cash GST payable Interest payable d. Salary payable Wa ment estimates warranty expense of 3%. One year ago, at June 30, 2016. Estimated ments were $350,000 during the year ended June 30, 2017. (Enter all amounts in bave the box empty: do not select a label or enter a zero.) wh Sales d. On fiscal year 2017 sales of $30 million, management estimates warranty expense of 3%. One year ago, at June 30, 2016. Estimated Warranty Liability stood at $160,000. Warranty payments were $350,000 during the year ended June 30, 2017. (Enter all amounts in whole dollars. If a box is not used in the table, leave the box empty: do not select a label or enter a zero.) Liabilities at June 30, 2017: Current liabilities: Loi Cash Estimated warranty payable Estimated warranty payable, long-term Che Sales input fields and then continue to the next question. Warranty expense