1. Smith Corporation is reviewing the following transactions for its year-ended December 31, 2015. Determine the proper balance sheet presentation and amounts for each item:

   Indicate the:

   1. Name of the account to use.
   2. Whether it is current or long-term, asset or liability.
   3. The amount.

   Show computations where necessary. If you could copy and paste each line item, and then give your answer, that would be superior.

   1. On December 15, 2015 the company declared a $2.50 per share dividend on 400,000 shares of common stock outstanding, to be paid on January 5, 2016.
   2. The amounts receivable account includes $50,000 due in three years from employees.
   3. At December 31, bonds payable of $200,000,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $50,000,000 every September 30.
   4. Included in long-term investments are 10-year U.S. Treasury bonds costing $500,000 that mature March 31, 2016. The bonds were purchased November 20, 2015.