Based on the following information and the post-closing trial balance shown below The merchandise inventory is stated at cost by the LIFO method. The product warranty payable is a current liability. Vacation pay payable , prepare a balance sheet in report form at December 31 of the current year Current liability Long-term liability $7,140 3,360 The unfunded pension liability is a long-term liability Notes payable: Current liability $70,000 Long-term liability 630,000 Kornett Company Post-Closing Trial Balance December 31, 20YS Debit Credit Balances Balances Petty Cash Cash Notes Receivable Accounts Receivable Allowance for Doubtful Accounts Merchandise Inventory Interest Receivable Prepaid Insurance Office Supplies Land 4,500 243,960 100,000 470,000 16,000 320,000 1,875 45,640 13,390 654,925 Prepaid Insurance Office Supplies Land Buildings 45,640 13,390 654,925 900,000 Office Equipment Accumulated Depreciation-Office Equipment Store Equipment Accumulated Depreciation-Store Equipment Mineral Rights Accumulated Depletion Patents Social Security Tax Payable Medicare Tax Payable Employees Federal Income Tax Payable State Unemployment Tax Payable Federal Unemployment Tax Payable Salaries Payable Accounts Payable Interest Payable Product Warranty Payable Vacation Pay Payable Unfunded Pension Liability Notes Payable J. Kornett, Capital 112,000 30,000 42,000 25,470 4,710 157,000 131,600 76,000 10,500 2,345,010 3,700,290 3,700,290 Enter all amounts as positive numbers