Exercise: Calculating B/S Amounts Pascal Corporation is preparing its 12/31/Year 6 balance sheet. Calculate the amounts that should be presented in the liabilities section of the company's balance sheet and indicate the type of liability 1. In July Year 6, Pascal received $25,000 in cash related to services that hadn't been provided. As of year-end, 30% of the services had been performed. Pascal expects to provide the remainder of the services in Year 7. 2. At December 31, Year 6, Pascal issued $1,000,000 of bonds at a premium, receiving cash of $1,050.000 3. On August 1, Year 4, Pascal borrowed $50,000 for a period of 10 years at a 6% rate. Interest is due quarterly on November 15. February 1". May 1" and August 1". The principal is not due until August, Year 14