During January, the following selected transactions occurred. Jan. 5 Sold merchandise for cash totaling $20,520, which includes 8% sales taxes. 12 14 20 Performed services for customers who had made advance payments of $11,000. (Credit Service Revenue.) Paid state revenue department for sales taxes collected in December 2019 ($7,700) Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty Borrowed $27,000 from Girard Bank on a con a 3-month, 8%, $27.000 note. Sold merchandise for cash totaling $9.504, which includes 8% sales taxes. 21 25 (c) Prepare the current liabilities section of the balance sheet at January 31, 2020. Assume no change in accounts payable. Coronado Company Balance Sheet (Partial) $ $