At the beginning of 2013, Mazzaro Company acquired equipment costing $120,000. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $12,000 at that time. The straight-line method of depreciation was considered the most appropriate to use with this type of equipment. Depreciation is to be recorded at the end of each year.

Interest Payable		$9,000
Bonds Payable, due 2019		180,000
Premium on Bonds Payable		32,000

Prepare the long-term liabilities section of the balance sheet. (For Bonds Payable, Notes Payable and Mortgage payable enter the account name only and do not provide any additional descriptive information e.g. due 2019.)