Requirement: Classify Each liability as a current or long term and report the liability and its amount that would appear on the prestige golf equipment balance sheet at October 31, 2017.

a. Sales of $5,250,000 are subject to estimated warranty cost of 3%. The estimated warranty payable at the beginning of the year was $38,000, and warranty payments for the year totalled $52,000. b. On October 1, 2017, Prestige signed a $150,000 note that requires annual payments of $30,000 plus 5% interest on the unpaid balance each October 1. C. Golf Town, a chain of golf stores, ordered $150,000 of golf equipment. With its order, Golf Town sent a cheque for $150,000, and Prestige shipped $93,000 of the goods. Prestige will ship the remainder of the goods on November 3, 2018. d. The October payroll of $100,000 is subject to employee-withheld income tax, Canada Pension Plan and Employment Insurance, and the company's share of Canada Pension Plan and Employment Insurance totalling $25,300 and benefits of $9,900. On October 31, Prestige pays employees their take-home pay and accrues all tax amounts