Exercise 5-8 Windsor Corporation is preparingtsDecember 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability. 1 On December 15, 2017, Windsor declared a cash dividend of $2.4 per share to stockholders of record on December 3. The dividend is payable on January issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury 01 Windsor has 2. At December 31, bonds payable of $111,299,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $27,824,750 every September 30, beginning September 30, 2018. 3. At December 31, 2016, customer advances (Unearned Revenue) were $13,603,000. During 2017, Windsor collected $30,634,000 of customer advances; advances of $26,948,000 should be recognized in income For each item above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any. Reported as 1. Dividends payable 2. Bonds payable (September 30, 2018 installment) Bonds payable (Other than September 30, 2018 installment)s Interest payable 3. Customer advances Click if you would like to Show Work for this question: Open Show Work