Current Liabilities

By the Month Inc. sold 19,500 annual magazine subscriptions for $42 during December 20Y4. These new subscribers will receive monthly issues, beginning in January 20Y5. By the Month Inc. issued a $154,800, 180day, 5% note payable on December 1, 20Y4. On March 31, 20Y5, By the Month Inc. had accounts payable of $22,000 and accrued wages payable of $6,700.

Prepare the Current Liabilities section of the balance sheet for By the Month Inc. on March 31, 20Y5. Do not round intermediate calculations and round your final answers to the nearest dollar. (Assume 360 days in a year.)

By the Month Inc. Current Liabilities Section of the Balance Sheet March 31, 20Y5

Current liabilities:
Accounts payableFederal income taxes expenseFederal income taxes payableSalesSubscription revenue receivableAccounts payable	$Accounts payable
Accrued wages payableFederal income taxes expenseFederal income taxes payableSalesSubscription revenue receivableAccrued wages payable	Accrued wages payable
Accrued interest payableFederal income taxes expenseFederal income taxes payableSalesSubscription revenue receivableAccrued interest payable	Accrued interest payable
Federal income taxes expenseFederal income taxes payableNotes payableSalesSubscription revenue receivableNotes payable	Notes payable
Accounts payableAdvances on magazine subscriptionsFederal income taxes expenseSalesSubscription revenue receivableAdvances on magazine subscriptions	Advances on magazine subscriptions
Total current liabilities	$fill in the blank 11