counts in its general ledger at December 31, 2016 FastTrack Magazine, Inc., includes the following selected ac EEB Click on the icon to view the accounts.) Prepare the liabilities section of FastTrack Magazine's balance sheet at December 31, 2016, to show how the company would report these items. Report a total for current liabilities. (Report any accounts that do not have a corresponding contra account before any accounts with a corresponding contra account.) Liabilities Current liabilities Accounts payable $ 37,000 Discount on bonds payable Interest payable 1000 Long-term liabilities Mortgage notes payable Bonds payable 175,000 250000 12.000 Less Discount on bonds payable Total long-term liabilities Total liabilities 413000 463000