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Question 3 Presented here are liability items for Teal Mountain Inc. at December 31, 2017. 235.500 FICA taxes payable Accounts payable Notes payable (due May

Question 3 Presented here are liability items for Teal Mountain Inc. at December 31, 2017. 235.500 FICA taxes payable Accounts payable Notes payable (due May 1,2018)30,000 Bonds payable (due 2021)1,350.000 Unearned rent revenue Discount on bonds payable Interest payable Notes payable (due 2019) 120,000 5,250 2,550 360000 Income taxes payable250 61,500 Sales taxes payable Prepare the liabilities section of Teal Mountain's balance sheet. TEAL MOUNTAIN INC

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