Metlock Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a current or long-term liability On December 15,2020, Metlock declared a cash dividend of $2.70 per share to stockholders of record on December 31. The dividend is payable 1. on January 15, 2021. Metlock has issued 1000000 shares of common stock, of which 50000 shares are held in treasury. At December 31, bonds payable of $107729000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $26932250 every September 30, beginning September 30, 2021. 2. At December 31, 2019, customer advances were $14426000. During 2020, Metlock collected $30455000 of customer advances; advances of $25976000 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. Reported as Dividends payable 2565000 1 Current Liability Bonds payable (September 30, 202 1 installment) Current Liability 2. 26932250 $ $ Bonds payable (Other than September 30, 2021 installment) Long-term Liability 3231870 $ Interest payable Current Liability 80796750 $ Current Liability 3. Customer advances 18905000