The accounting records of Shepherd Communications include the following as of December 31, 2025: 

Requirements

1. Report these liabilities on the Shepherd Communications balance sheet, including headings and totals for current liabilities and long-term liabilities. 

2. Compute Shepherd Communications’ debt to equity ratio at December 31, 2025.

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Accounts Payable Mortgages Payable (long-term) Interest Payable Bonds Payable (long-term) Total Stockholders' Equity $ 76,000 Salaries Payable 80,000 Bonds Payable (current portion) 19,000 Premium on Bonds Payable 64,000 Unearned Revenue (short-term) 175,000 $ 9,500 30,000 11,000 3,000