The accounting records of Pack Leader Wireless include the following as of December 31, 2016

Requirements 1. Report these liabilities on the Pack Leader Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.

2. Compute Pack LeaderPack Leader Wireless's debt to equity ratio at December 31, 2016. Requirement 1. Report these liabilities on the Pack LeaderPack Leader Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.

Plus: Total Liabilities Accounts Payable $70,000 Salaries Payable $11,500 Mortgages Payable (long-term) 79,000 Bonds Payable (current portion) 30,000 Interest Payable 21,000 Premium on Bonds Payable 13,000 Bonds Payable (long-term) 61,000 Unearned Revenue (short-term) 2,700 Total Stockholders' Equity 145,000