The Cormorand Electronics Company shows the following selected adjusted account balances as at December 31, 2014:
Accounts Payable............................................ $95,000
Salaries Payable............................................... 136,000
Accumulated Depreciation, Equipment............. 23,000
Estimated Warranty Liability ............................ 18,000
Mortgage Payable ............................................. 275,000
Notes Payable, 6 months..................................... 21,000

Required
Prepare the current liability section of Cormorand’s balance sheet. $35,000 in principal is due during 2015 regarding the mortgage payable. For simplicity, order the liabilities from largest to smallest.