December 31, 2021, and 2020, balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Read the requirements. Requirement 1. Describe each of New Planet Structures, Inc.'s liabilities and state how the liability arose. Choose the correct liability from the list that best fits the description provided. The amount of long-term notes and bonds payable that the company expects to pay after the coming year. Data table Requirements 1. Describe each of New Planet Structures, Inc.'s liabilities and state how the liability arose. 2. What were the company's total assets at December 31,2021 ? 3. Assume that beginning and ending inventories for both periods did not differ by a material amount. Accounts payable at the end of 2019 was $184 million. Calculate accounts payable turnover as a ratio and days' payable outstanding (DPO) for 2020 and 2021. Calculate current ratios for 2020 and 2021 as well. Evaluate whether the company improved or deteriorated from the standpoint of its ability to cover accounts payable and current liabilities over the year