HMR Associates Inc. includes the following selected accounts in its general ledger at December 31, 2014:

Required
Prepare the liabilities section of HMR Associates Inc.'s balance sheet at December 31, 2014, to show how the company would report these items. Report a total for both current and long-term liabilities.

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Bonds Payable $1,040,000 Current Obligation under Capital Lease Equipment under Capital Lease Interest Payable (due March 1, 2015) Current Portion of Bonds Payable 350,000 Accounts Payable 21,000 Liability 162,000 (all long-term) $12,000 57,000 136,000 18,000 Long-term Capital Lease Discount on Bonds Payable Notes Payable, Long-term 180,000