Dialog content starts

Bonds payable (excluding current portion)	$425,000
Equipment	112,000
Current portion of bonds payable	52,000
Notes payable, long-term	300,000
Interest payable (due March 1, 2022)	1,300
Accounts payable	43,000
Discount on bonds payable (all long-term)	12,750
Accounts receivable	26,000

Like Home,

Inc., includes the following selected accounts in its general ledger at December 31,

2021:

LOADING...

(Click the icon to view the accounts.)Prepare the liabilities section of

Like Home's,

balance sheet at December 31,

2021,

to show how the company would report these items. Report total current liabilities and total long-term liabilities. (If an input field is not used in the table leave the field empty; do not select a label or enter a zero.)

Liabilities

Current liabilities:

Accounts payable

Interest payable

Current portion of bonds payable

Total current liabilities

Long-term liabilities:

Notes payable, long-term

Bonds payable

Less:

Discount on bonds payable

Total long-term liabilities