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At December 31. MediStat Precision Instruments owes $52,000 on Accounts Payable, Salaries. Payable of $12,000, and income Tax Payable of $10,000. Medistat also has $300,000

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At December 31. MediStat Precision Instruments owes $52,000 on Accounts Payable, Salaries. Payable of $12,000, and income Tax Payable of $10,000. Medistat also has $300,000 of Bonds Payable that were issued at face value that require payment of a $35,000 installment next year and the remainder in later years. The bonds payable require an annual interest payment of $4,000, and Medistat still owes this interest for the current year. Report ModiStat's liabilities on its ciassified balance sheet on December 31, 2024

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