I'm not sure if my work is right and I'm stuck at this last portion as well.

Consider the following note payable transactions of Crouse Video Productions. (Click the icon to view the transactions.) Requirements 1. Journalize the transactions for the company. 2. Considering the given transactions only, what are Crouse Video Productions' total liabilities on December 31, 2025? Requirement 1. Journalize the transactions for the company. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Apr. 1, 2024: Purchased equipment costing $56,000 by issuing a seven-year, 13% note payable. The note requires annual principal payments of $8,000 plus interest each April 1. Accounts and Explanation Debit Credit Date 2024 Apr. 1 56000 Equipment Notes Payable 56000 Dec 31, 2024: Accrued interest on the note payable. Debit Credit Date Accounts and Explanation 2024 Dec. 31 Interest Expense Interest Payable 5460 5460 Recognized accrued interest Apr. 1, 2025: Paid the first installment on the note. Date Accounts and Explanation Debit Credit 2025 Apr. 1 1820 5460 Interest Expense Interest Payable Notes Payable Cash 8000 15280 Paid first installment of note. Debit Credit Dec 31, 2025. Accrued interest on the note payable. Date Accounts and Explanation 2025 Dec. 31 Interest Expense Interest Payable Recognized accrued interest. Requirement 2. Considering the given transactions only, what are Crouse Video Productions total liabilities on December 31, 2025? The total liabilities of Crouse Video Productions on December 31, 2025 are