L.O. 11-1) A ist of liabilities follows. For each item, indicate by using the letter C that it will be reported ai current liability, N that it will be reported as a non-current liability, or B that it potentiany can be reported as either or both a current and non-current liability. For obligations that you determine to be N or B, briefly explain why this is the case. P11-5. Current and non-current liabilities Current or non-current Explanation Item Liability liability, or potentially both? Accounts payable Warranties payable Deposits Bank overdraft 1. 2. 3. 4. Sales tax payable Bank loan maruring in five years was in default during the year, before year-end, the lender grants a grace period that extends 12 months after the balance sheet date. 5. 6. Five-year term loan; amortized payments are payable annually 7. 8. Unearned revenue Finance lease obligation 9. HST payable 10. 90-day bank loan 12. Bond payable that matures in two years 13. Obligation under customer loyalty plan. (Customer's discretion as to when to redeem.) 14. Income taxes payable 15 Bank loan that matures in five years that is currently in default 16 Three-year bank loan that matures six months after the balance sheet date Annnu