The following selected transactions were taken from the books of Ripley Company for Year $1$:

On February $1,$ Year $1,$ borrowed $$49,000$ cash from the local bank. The note had a $8$ percent interest rate and was due on June $1,$ Year $1.$

Cash sales for the year amounted to $$220,000$ plus sales tax at the rate of $7$ percent.

Ripley provides a $90-$day warranty on the merchandise sold. The warranty expense is estimated to be $3$ percent of sales.

Paid the sales tax to the state sales tax agency on $$200,000$ of the sales.

Paid the note due on June $1$ and the related interest. Record payment of interest as transaction $5$a and the repayment of the principal note as transaction $5b.$

On November $1,$ Year $1,$ borrowed $$43,000$ cash from the local bank. The note had a $8$ percent interest rate and a one$-$year term to maturity.

Paid $$3,000$ in warranty repairs.

A customer has filed a lawsuit ag$$inst Ripley for $$9$ million for breach of contract. The company attorney does not believe the suit has merit.

Required $A$

Required B

Required C

Prepare the current liabilities section of the balance sheet at December $31,$ Year $1.$

Note: Do not round intermediate calculations.

RIPLEY COMPANY

Balance Sheet $($Partial$)$

As of December $31,$ Year $1$

$\backslash$table$[[$Current liabilities,$],[$Warranty payable,$],[$Interest payable,$],[$Sales tax payable,$],[$Notes payable,$],[,$$ i need help with section B$!$ The photo is below