On January 1, 2022, the ledger of Concord Company contains these liability accounts.

Accounts Payable		$56,000
Sales Taxes Payable		7,400
Unearned Service Revenue		16,000

During January, these selected transactions occurred.

Jan. 5		Sold merchandise for cash totaling $20,520, which includes 8% sales taxes.
12		Performed services for customers who had made advance payments of $10,500. (Credit Service Revenue.)
14		Paid state revenue department for sales taxes collected in December 2021 ($7,400).
20		Sold 900 units of a new product on credit at $50 per unit, plus 8% sales tax. This new product is subject to a 1-year warranty.
21		Borrowed $29,250 from Girard Bank on a 3-month, 8%, $29,250 note.
25		Sold merchandise for cash totaling $12,420, which includes 8% sales taxes.

Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in accounts payable. Concord Company Balance Sheet (Partial) January 31, 2022 $ Accounts Payable 56,000 Sales Taxes Payable Notes Payable 29,250 Unearned Service Revenue Interest Payable 65 $