The following are selected items from the accounting records of Denver Chocolates for the year ended December 31, 2015:

Note Payable to Northwest Bank 500,000

Income Taxes Payable 40,000

Accrued expenses and payroll taxes 60,000

Mortage note payable 750,000

Accrued interest on mortgage note payable 5,000

Trade accounts payable 250,.000

Unearned revenue 15,000

Potential liablitly in pending lawsuit 100,000

Other Information

1.

The note payable to Northwest Bank is due in 60 days. Arrangements have been made to renew this note for an additional 12 months.

2.

The mortgage requires payments of $6,000 per month. An amortization table shows that its balance will be paid down to $739,000 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.	Denver Chocolates has been sued for $160,000 in a contract dispute. 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. Using the information provided, prepare the current and long-term liability sections of the Denver Chocolates balance sheet dated December 31, 2015. (Within each classification, items may be listed in any order.) Balance Sheet (Parital) December 31, 2015 Liabilities: Current LIabilities: Unearned revenue ________ Mortgage note payable-current portion ________ Accrued interest on mortgage not payable _________ Trade accounts payable __________ Accrued expenses and payroll taxes __________ Income taxes payable __________ Total current liabilities __________ Long-term liabilities Mortagage note payable __________ Note payable to Northwest Bank ___________ Total long-term liabilities ___________ Total liabilities ____________