Question 1 At the financial statement date of December 31, 2017, the liabilities outstanding of Pollard Corporation indluded the following 1. Cash dividends on common stock, $44,100, payable on January 15, 2018. 2. Note payable to Wabaso State Bank, $459,000, due January 20, 2018. 3. Serial bonds, $1,476,000, of which $369,000 mature during 2018 4. Note payable to Orlando National Bank, $284,000, due January 27, 2018. 2018: January 15: The cash dividends on common stock were paid. January 20: The note payable to Wabaso State Bank was paid. January 25: The corporation entered into a financing agreement with Wabaso State Bank, enabling it to borrow up to $500,000 at any time through the end of 2020. Amounts 3 years from the date of the loan. The corporation immediately borrowed $400,000 to replace the cash used in paying its January 20 note to the bank anuary 26: 40,000 shares of common stock were issued for $336,200. $284,000 of the p proceeds was used to liquidate the note payable to Orlando National Bank February 1: The financial statements for 2017 were issued. Prepare a partial balance sheet for Pollard Corporation, showing the manner in which the properly classified between current and long-term, and appropriate note disdosure should be included above liabilities should be presented at December 31, 2017. The liabilities should be Pollard Corporation Partial Balance Sheet at December 31, 2017