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

2020:

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Required

Prepare the liabilities section of

Booth

Ice Huts Inc.'s balance sheet at December 31,

2020,

to show how the company would report these items.

Complete the liabilities' section of the balance sheet. (Use parentheses or a minus sign when entering contra account balances.)

Booth Ice Huts Inc.

Partial Balance Sheet

December 31, 2020

	Liabilities
	Current liabilities:
	Total current liabilities
	Long-term liabilities:
	Less:
	Total long-term liabilities
	Total liabilities

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Accounts

	Bonds Payable	$1,020,000	Current Obligation under Capital Lease	$12,000
	Equipment under Capital Lease	350,000	Accounts Payable	57,000
	Interest Payable (due March 1, 2021)	31,000	Capital Lease Liability (long-term)	136,000
	Current Portion of Bonds Payable	162,000	Discount on Bonds Payable
	Notes Payable, Long-term	200,000	(all long-term)	18,000