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Magazine, Inc., includes the following selected accounts in its general ledger at December 31,

20182018 :

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Requirement

1. Prepare the liabilities section of

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Magazine's balance sheet at

magazine, Inc., includes the following selected accounts in its general ledger at December 31,

20182018 :

December31,2018 ,to show how the company would report these items. Report a total for current liabilities. (Report any accounts that do not have a corresponding contra account before any accounts with a corresponding contra account.)

Mortgage notes payable (due in 15 years). . .	$125,000	Accounts payable. . . . . . . . . . . . .	$35,000
Lease payable, long-term. . . . . . . . . . . . . . . . .	28,000	Discount on bonds payable. . . . . .	6,000
Bonds payable (due in 10 years). . . . . . . . . . .	325,000
Interest payable (due next year). . . . . . . . . . . .	1,800