Consider the following note payable transactions of Tube Video Productions. 2014 Mar. 1 Purchased equipment costing $80,000 by issuing an eight-year, 12% note payable. The note requires annual principal payments of $10,000 plus interest each March 1 Dec. 3 2015 Mar. Dec. 3 Accrued interest on the note payable Paid the first installment on the note. Accrued interest on the note payable. Requirements 1. Journalize the transactions for the company 2. Considering the given transactions only, what are Tube Video Productions' total liabilities on December 31, 2015