At December 31, MediSharp Precision Instruments owes $58,000 on Accounts Payable, Salaries Payable of $14,000, and Income Tax Payable of $8,000. MediSharp also has $240,000 of Bonds Payable that were issued at face value that require payment of a $45,000 installment next year and the remainder in later years. The bonds payable require an annual interest payment of $7,000, and MediSharp still owes this interest for the current year. Report MediSharp's liabilities on its classified balance sheet on December 31,2024 . (Check your spelling carefully and do not abbreviate. When applicable, use only the account names given in the problem statement.) Balance Sheet (Partial) December 31, 2024 Liabilities