On January 1, 2022, the ledger of Wildhorse Co. contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,700 8,800 21,200 During January, je followi selected transactions occurred. Jan. Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 1 5 Sold merch dise or cash totaling $5,512, which includes 6% sales taxes. Performed services for customers who had made advance payments of $13,000. (Credit 12 Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021, $8,800. 20 Sold 720 units of a new product on credit at $49 per unit, plus 5% sales tax. During January, the company's employees earned wages of $58,000. Withholdings related to these wages were $4,437 for Social Security (FICA), $5,379 for federal income tax, and $1,614 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroll tax expense as of January 31. Prepare the current liabilities section of the balance sheet at January 31, 2022. Assume no change in Accounts Payable. WILDHORSE CO. Balance Sheet (Partial) $ Click if you would like to Show Work for this question: Open Show Work