At December 31, Medical Precision Instruments owes $60,000 on Accounts Payable, Salaries Payable of $18,000, and Income Tax Payable of $9,000. Medical also has $240,000 of Bonds Payable that were issued at face value that require payment of a $30,000 installment next year and the remainder in later years. The bonds payable require an annual interest payment of $5,000, and Medical still owes this interest for the current year. Report Medical's liabilities on its classified balance sheet on December 31, 2018 Medical Precision Instruments Balance Sheet (Partial) December 31, 2018 Liabilities