Bing Corporation has the following account balances (partial listing) at December 31, 2019.

1. Prepare the current liability section of Bing Corporation's balance sheet at December 31, 2019. The current portion of the note payable due February 1, 2024 is $15,000. Show calculation(s) if a number is not directly given.

2. List the items and amounts to be included as long-term liabilities for the balance sheet at December 31, 2019. The current portion of the note payable due February 1, 2024 is $15,000. Show calculation(s) if a number is not directly given.

Bing Corporation has the following account balances (partial listing) at December 31, 2019 Current Liabilities: Long Term Liabilities: Ledger Balance Account Accounts Payable Notes Payable, 5-month, due February 1, 2020 Account Name Balance Account Name Balance 29,000 58 85,000 Accumulated Depreciation Equipment Notes Payable 7-year, 7%, due February 1, 2024 Interest Expense nterest Payable Sales Tax Payable Bonds Payable, due December 31, 2022 Bonds Payable, due December 31, 2020 16 120 7,000 24,000 1,000 1,000 Total Total 1. Prepare the current liability section of Bing Corporation's balance sheet at December 31, 2019. The current portion of the note payable due February 1 2024 is $15,000. Show calculation(s) if a number is not directly given 2. List the items and amounts to be included as long-term liabilities for the balance sheet at December 31, 2019. The current portion of the note payable due February 1, 2024 is $15,000. Show calculation(s) if a number is not directly given