Brief Exercise 10-13

Presented here are liability items for Larkspur Inc. at December 31, 2022.

Accounts payable $314,000

FICA taxes payable $15,600

Notes payable (due May 1, 2023)40,000

Interest payable80,000

Bonds payable (due 2026)1,800,000

Notes payable (due 2024)160,000

Unearned rent revenue 480,000

Income taxes payable 7,000

Discount on bonds payable 82,000

Sales taxes payable 3,400

Prepare the liabilities section of Larkspur's balance sheet.