At December 31, MediStat Precision Instruments owes $58,000 on Accounts Payable, Salaries Payable of $11,000, and Income Tax Payable of $7,000. MediStat also has $300,000 of Bonds Payable that were issued at face value that require payment of a $55,000 installment next year and the remainder in later years. The bonds payable require an annual interest payment of $5,000, and MediStat still owes this interest for the current year. Report MediStat's liabilities on its classified balance sheet. December 31 Liabilities Current Liabilities: Accounts Payable Salaries Payable Income Tax Payable Bonds Payable Current Portion of Bonds Payable Total Current Liabilities 58000 22000 7000 300000 55000 442000 Long-term Liabilities Bonds Payable Total Long-Term Liabilities Total Liabilities