es: $ 45,000 Accounts Payable 80,000 Notes Payable, 3-month Accumulated Depreciation -Equipment 14,000 27,000 Payroll and Benefits Payable 30,000 Notes Payable, 5-year, 8% 34,000 Estimated Warranty Liability 6,000 Payroll Tax Expense 3,000 Interest Payable 200,000 Mortgage Payable 16,000 Sales Tax Payable nstructions a) Prepare the current liability section of Howell Company's balance sheet, assuming $25,000 of the mortgage is payable next year. (List liabilities in magnitude order, with largest first.) b) Comment on Howell 's liquidity, assuming total current assets are $450,000