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Mountain Gear Corporation has the following selected accounts after posting adjusting entries: Accounts Payable $79,000 Notes Payable, 3-month 90,000 Accumulated Amortization-Equipment 14,000 Notes Payable, 5-year,

Mountain Gear Corporation has the following selected accounts after posting adjusting entries:

Accounts Payable

$79,000

Notes Payable, 3-month

90,000

Accumulated Amortization-Equipment

14,000

Notes Payable, 5-year, 4%

30,000

Employee Benefits Expense

6,000

Interest Payable

1,500

Mortgage Payable

250,000

Provincial Sales Tax Payable

39,500

Required: Prepare the current liability section of Mountain Gear Corporation's statement of financial position, assuming $15,000 of the 5-year note is payable next year.

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