Question 3 of 5 Show Attempt History Current Attempt in Progress The following section is taken from Crane Corp.'s balance sheet at December 31, 2019. Current liabilities Interest payable $ 120,750 Long-term liabilities Bonds payable, 7%, due January 1, 2024 1,725,000 Bond interest is payable annually on January 1. The bonds are callable on any interest date. (a)