Promote Magazine, Inc., includes the following selected accounts in its general ledger at December 31, 2018: (Click on the icon to view the accounts.) Requirement 1. Prepare the liabilities section of Promote Magazine's balance sheet at December 31, 2018, to show how the company would report these items. Report a total for current liabilities. (Report any accounts that do not have a corresponding contra account before any accounts with a corresponding contra account.) Liabilities Less: Total liabilities ........ $ 34,000 15,000 --- Mortgage notes payable (due in 15 years) $ Lease payable, long-term Bonds payable (due in 10 years). Interest payable (due next year) 150,000 Accounts payable. 29,000 Discount on bonds payable 200,000 1,800 Print Done Liabilities Accounts payable Bonds payable Current liabilities: Discount on bonds payable Interest payable Lease payable, long-term Long-term liabilities: Mortgage notes payable Total current liabilities Total liabilities Total long-term liabilities Total liabilities