Salt Air Marine experiencad these events during the current year (Click the icon to view the facts.) Requirement 1. For each item, indicate the account and the related amount to be reported as a current liability on the Salt Air Marine balance sheet at December 31 Account Amount More Info a. December revenue totaled $110.000; and, in addition, Salt Air collected sales tax of 7%. The tax amount will be sent to the state of New Hampshire early in January. a. b. On August 31, Salt Air signed a six-month, 9% note payable to purchase a boat c. On August 31, Salt Air received cash of $5,000 in advance for service revenue. d. Revenues of $750,000 were covered by Salt Air's service warranty. At January 1 costing $84,000. The note requires payment of principal and interest at maturity. This revenue will be eamed evenly over six months. accrued warranty payable was $9,600. During the year, Salt Air recorded warranty expense of $30,000 and paid warranty claims of $34,900 Salt Air owes $75,000 on a long-term note payable. At December 31, 1296 interest for the year plus $25,000 of this principal are payable within one year e, Print Done