Prepare the CURRENT LIABILITIES SECTION of Mariano Corporation's balance sheet as of December 31, 2014: a) Mariano Corporation sells 10,000 units of inventory during the first year of operations for $500 each. The selling price includes a one-year warranty on parts. It is estimated that 3% of the units will be defective and that repair costs are estimated to be $50 per unit. In the year of sale, warranty contracts are honored on 80 units for a total cost of $4,000. b) Mariano has total cash sales for the month of $36,000 plus sales tax rate is 5%. c) On November 30, Mariano Corporation signs a $100,000, 9%, 4-month note. d) Mariano sells 60,000 year-long service subscriptions in March. The subscription price is $15 each. The subscriptions start in April. e) The company's weekly payroll of $12,000 is paid on Friday. December 31 is on Tuesday this year.