0 PROTECTED VIEw Be careful files from the Internet can contain viruses. Unless you need to X fr Examine the following items and prepare the Al Examine the following items and prepare the current liabilities section of the 1 Balance sheet for Annapolis Corporation as of December 31, 2015 The beginning of year accounts payable was $82,000. Purchases on trade accounts during the year were $452,000, and payments on account were 3 $415,000. The company incurs substantial costs in its manufacturing plant. As of December 31, 2015, it is estimated that $38,000 of electricity has been used. The monthly billing for December has not yet been received. Annapolis Corporation has accepted deposits from customers in advance for product that will not ship until 2016 in the amount of $174,500. Annapolis Corporation has collected sales tax totaling $6,800 from customers 9 during the month of December, 2015. This tax must be remitted to the state by January 10, 2016. interest has $2,000,000 outstanding on a bank loan. The 11 of each rate is 7.5% per annum and the interest is paid monthly on the first day month for the prior month. Problem 1 Proble Problem 3