Described below are certain transactions of Pharoah Company for $2026$:

On May $10,$ the company purchased goods from Sunland Company for $$74,900,$ terms $\frac{2}{10},\frac{n}{30}.$ Purchases of inventory and accounts payable are recorded at net amounts and the company uses a periodic inventory system. The invoice was paid on May $18.$

On June $1,$ the company purchased equipment for $$96,000$ from Carla Vista Company, paying $$31,200$ in cash and giving a one$-$year, $9\%$ note for the balance.

On September $30,$ the company discounted at $10\%$ its $$220,000,$ one$-$year zero$-$interest$-$bearing note at Virginia State Bank.

Indicate how the above transactions should be reflected in the Current Liabilities section of Pharoah Company's December $31,2026$ balance sheet.

Pharoah Company Balance Sheet $($Partial$)$

December $31,2026$

Current Liabilities

Note Payable$-$Virgina State Bank

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