Question 2 [20 points] Southgate Inc. showed the following selected account balances at March 31, 2014. Use this information to prepare the liabilities section of the Southgate Inc. balance sheet. $36,000 in principal on the mortgage payable is due by March 31, 2015. $8,000 of the note payable that matures in 2019 must be paid by March 31, 2015. (select one) Liabilities Section of Balance Sheet (select one) Account Automobiles CPP Expense CPP Payable Employee Income Taxes Payable HST Payable Income Taxes Expense Income Taxes Payable Interest Expense Notes Payable (due December 1, 2019) Mortgage Payable Rent Earned Rent Receivable Unearned Revenue Balance 219,000 28.000 19,000 52,000 27,000 8,900 8,900 32,500 53,500 62,000 105,000 54,000 15,000 X X X ++++ + 1 1 tl tl tlt x x