Regal, Inc., includes the following selected accounts in its general ledger at December 31, 2021: 

Prepare the liabilities section of Regal’s balance sheet at December 31, 2021, to show how the company would report these items. Report total current liabilities and total long-term liabilities.

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Bonds payable (excluding current portion)... Equipment........ Current portion of bonds payable. Notes payable, long-term...... Interest payable (due March 1, 2022).. Accounts payable................ Discount on bonds payable (all long-term).. Accounts receivable................ $400,000 113,000 51,000 275,000 2,000 37,000 12,000 32,000