Selected accounts from Russel Co.'s adjusted trial balance for the year ended December 31 follow. Prepare the liabilities section of its classified balance sheet. FICA-Social Security taxes payable State unemployment taxes payable Current portion of long-term debt Employee federal income taxes payable Federal unemployment taxes payable $2,600 1,800 3,000 9,000 500 Sales tax payable (due in 1 week) Salaries payable Notes payable (due in 4 years) FICA-Medicare taxes payable Accounts payable $ 350 47,000 10,000 700 4,600 RUSSEL CO. Liabilities Section of Balance Sheet December 31 Liabilities Current liabilities Total current liabilities Long-term liabilities