For each item, indicate the account and the related amount to be reported as a current liability on the Big Wave Marina balance sheet at December 31, 2014. December revenue totaled $100,000 and, in addition, Big Wave collected sales tax of 8%. The sales tax amount will be remitted to the province of New Brunswick early in January. On October 31, Big Wave signed a six-month, 11% note to purchase a boat costing $99,000. The note requires payment of principal and interest at maturity. On August 31, Big Wave received cash of $1, 875 in advance for service revenue. This revenue will be earned evenly over six months. Revenues of $900,000 were covered by Big Wave's service warranty. At January 1, estimated warranty payable was $11, 500. During the year. Big Wave recorded warranty expense of $31,000 and paid warranty claims of $35, 300. Big Wave owes $70,000 on a long-term note payable. At December 31, 9% interest for the year plus $10,000 of this principal are payable within one year