The company's balance sheets and income statements reported the following amounts: (Click the icon to view the amounts.) Read the requirements. Requirement 1. Describe each of Mountainside's long-term liabilities and state how the liability arose. Choose the correct liability from the list that best fits the description provided. The amount that the company expects to pay after the coming year; the result from the company borrowing money. 1. Describe each of Mountainside's long-term liabilities and state how the liability arose. 2. What were the company's total assets at December 31,2021 ? Evaluate the company's leverage and debt ratios at the end of 2020 and 2021. Use year-end figures in place of averages where needed for calculating the ratios in this exercise. Did the company improve, deteriorate, or remain about the same over the year? Data table