BE9.1 Identify whether obligations are current liabilities. LO1 , 4 Alvin Ltd has these obligations at 31 December: (a) a note payable for $50 000 due in 2 years, (b) a 10-year mortgage payable of $100 000 payable in ten $10 000 annual payments, (c) interest payable of $5000 on the mortgage, and (d) accounts payable of $60 000. For each obligation, indicate whether it should be wholly or partly classifed as a current liability, or wholly classifed as a non-current liability. Alvin Ltd has a 1-year operating cycle