The adjusted trial balance for Valsee Corporation at the year end of December 31, 2019 contained the following accounts: Bonds payable, 7% $500,000 Bond interest payable 20,000 Discount on bonds payable 30,000 Notes payable, 8%, due 2021 80,000 Accounts payable 120,000 Required (a) Prepare the long-term liabilities section of the statement of financial position (b) Indicate the proper statement of financial position classification for the accounts listed above that do not belong in the long-term liabilities section.