Sea Spray Marine experienced 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 Sea Spray Marine balance sheet at December 31. Account Amount i More Info Account Amount Account Amount a. December revenue totaled $150,000; and, in addition, Sea Spray collected sales tax of 5%. The tax amount will be sent to the state of Georgia early in January. b. On August 31, Sea Spray signed a six-month, 9% note payable to purchase a boat costing $84,000. The note requires payment of principal and interest at maturity On August 31, Sea Spray received cash of $5,000 in advance for service revenue. This revenue will be earned evenly over six months. d. Revenues of $775,000 were covered by Sea Spray's service warranty. At January 1, accrued warranty payable was $11,600. During the year, Sea Spray recorded warranty expense of $31,000 and paid warranty claims of $34,300. e. Sea Spray owes $80,000 on a long-term note payable. At December 31, 12% interest for the year plus $20,000 of this principal are payable within one year. Account Amount Account Amount Print Print Done Done