Regal Industries Inc. has the following selected accounts at December 31, 2020 (Click the icon to view the accounts.) Prepare the liabilities section of Regal's balance sheet at December 31, 2020, to show how Regal would Begin by calculating the total current liabilities section. Then report the rest of the liabilities that are include Liabilities Current liabilities: Total current liabilities 20 to show how Regal would report these items Report total current liabilities and total liabilities of the liabilities that are included and total the liabilities i Accounts - X $ 16,000 300,000 119,000 43,000 GST payable (net of ITC) Bonds payable Equipment Current portion of bonds payable Notes payable, long-term Interest payable (due March 1, 2021) Accounts payable Discount on bonds payable (all long-term) 200,000 10,400 40,000 10,000 34,000 Accounts receivable Print Done