Flesse refer to the instructions snd the teble in this question. Enter the correctjoumal entry for port $[$A$]$ in the

following Eslance $3$hest and Income Statement for $2001.$ Note thst for the purpose of preparing the Bslance Sheet

at the end of each year:

For investments, you need to clasaify whether they are current assets $($ie$,$ short$-$term investment$)$ or non$-$

current assets $($i$.$e$.,$ long$-$term investment:

For bonds, you need to determine what portion of the bonds payable is current liablity and what portion is

non$-$current liebility. Current portion of the bonds peysble is the principel peyment portion of the csah

interest payments in the next yesr. Non$-$current portion ia the remaining amount of the bonds payable; and

For leases $($ss the lease$),$ you need to determine what portion of the lesse obl gastion ia current lisbility and

what portion ia non$-$current liab ity. Current portion of the lesse obligation is the principal peyment portion

of the cash lesze psyment in the next year fie, the amortization amount of the lease obligstion in the nect

yeard. Non$-$current portion is the remsining amount of the lesse liability.

Project $3\mathrm{.}1$ Ealance Sheet