Explanation and show the calculations of the following scenarios:

ABC Company has the following obligations as of December 31:

A note or obligation to pay for $100,000 in 2 years;

A $300,000 10-year mortgage payable in ten annual payments of $30,000 each;

$15,000 interest payable on a mortgage; Y

Accounts payable for $60,000.

For each obligation payable, indicate whether it is classified as a short-term liability or not. Explain your answer for each scenario. Assume an operating cycle of less than one year.

Company XYZ borrowed $88,500 on September 1, 2016, from Banco del Golfo for which it signed a promissory note or obligation payable of $88,500 at 12% for a one-year term.

What is the interest generated as of December 31, 2016?