The following are selected items from the accounting records of Atlanta Peach for the year ended December 1, 2015: Note payable to Southern Bank... $ 140,000 Income taxes payable ...... 15,000 Accrued expenses and payroll taxes 26,000 Mortgage note payable ...... 750,000 Accrued interest on mortgage note payable. 15,000 Trade accounts payable. .275,000 Unearned revenue .. 33,000 Potential liability in pending lawsuit . 2,000,000 Other Information 1. The note payable to Southern Bank is due in 60 days. Arrangements have been made to renew this note for an additional 24 months. 2. The mor gage requires payments of $10,000 per month. An amortization table shows that its balance wil be paid down to $733,000 by December 31, 2016. 3. Accrued interest on the mortgage note payable is paid monthly. The next payment is due near the end of the first week in January 2016. 4. Atlanta I each has been sued for $2,000,000 in a product liability case. It is not possible at this time, however, to make a reasonable estimate of the possible loss, if any, that the company may have sustained. Instructions a. Using the information provided, prepare the current and long-term liahility sections of the company's balance sheet dated December 31, 2015. (Within each classification, items may be