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The following items are taken from the financial statements of the Waterway Service for the year ending December 31, 2020: Accounts payable $ 17700 Accounts
The following items are taken from the financial statements of the Waterway Service for the year ending December 31, 2020:
| Accounts payable | $ 17700 |
| Accounts receivable | 11000 |
| Accumulated depreciation equipment | 28400 |
| Advertising expense | 20700 |
| Cash | 15300 |
| Owners capital (1/1/20) | 42400 |
| Owners drawings | 13800 |
| Depreciation expense | 12300 |
| Insurance expense | 3100 |
| Note payable, due 6/30/21 | 70900 |
| Prepaid insurance (12-month policy) | 5800 |
| Rent expense | 17300 |
| Salaries and wages expense | 32400 |
| Service revenue | 131500 |
| Supplies | 4000 |
| Supplies expense | 6100 |
| Equipment | 229200 |
What are total long-term liabilities at December 31, 2020?
$ 90600
$ 70900
$ 0
$ 88600
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