Larkspur Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a current or long-term liability 1 2 On December 15, 2020, Larkspur declared a cash dividend of $2.80 per share to stockholders of record on December 31. The dividend is payable on January 15, 2021. Larkspur has issued 1,000,000 shares of common stock, of which 50,000 shares are . held in treasury At December 31, bonds payable of $108,712,000 are outstanding. The bonds pay 12% Interest every September 30 and mature in installments of $27.178.000 every September 30, beginning September 30, 2021. At December 31, 2019, customer advances were $14.241.000. During 2020, Larkspur collected $32,657,000 of customer advances, advances of $25.610.000 should be recognized in income 3. For each item above, indicate the dollar amounts to be reported as a current liability and as a long term liability, if any. 401 For each item above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any. Reported as 1. Dividends payable $ 2 Bonds payable (September 30, 2021 installment) $ Current Liability Long term Lisbility Bonds payable (other than September 30, 2021 installment) $ Interest payable 5 3 Customer advances eTextbook and Media