Selected liability items for Waugh Corporation at December 31, 2017, follow. Prepare the liabilities section of Waugh's balance sheet.

Transcribed Image Text:

Accounts payable Bonds payable, due 2028 Current portion of notes payable Current portion of lease liability s 8,000 145,000 26,000 75,000 S 48,000 Income tax payable Notes payable (net of current portion) 1,035,000 25,000 25,000 Itrest payable Total lease liability