Llabilities on the Balance Sheet For each of the following situations, indicate the amount shown as current or long-term liability on the balance sheet of Anchor, Inc., at December 31: a. Anchor's general ledger shows a credit balance of $125.000 in Long-Term Notes Payable. Of the amount a $25,000 installment becomes due on June 30 of the following year. b. Anchor estimates its unpaid income tax liability for the current year is $34,000, it plans to pay this amount in March of the following year. c. On December 31, Anchor received a $15,000 invoice for merchandise shipped on December 28. The merchandise has not yet been received The merchandise was shipped FOB shipping point d. During the year, Anchor collected $10.500 of state sales tax. Ar year-end, it has not yet remitted 51 400 of these taxes to the state department of revenue. e. On December 31 Anchor's bank approved a $5.000, 90-day loan. Anchor plans to sign the note and receive the money on January 2 of the following year, Current Liability Long Term Liability a Balance in Long Term Notes Payable b Unpaid income tax lability Merchandise shipped F08 Shipping Point Sales tax collected - Art Gar