Current Attempt in Progress

Laura, the accountant for Ocsoc Ld$,$ is currently preparing the December $31,2020,$ statement of firancial pooition, and she askord yous to help her dassify the following liabilities:

Identify each of the liabilities as current or non$-$current $($Long$-$term$).($Note that some liabilities may be darsified partially as current and partially as non$-$current.$)$

a$.$ In the month of December, Ocsoc accepted $$220,000$ in deposits for goods to be delivered to customers by March $2021.$

b$.$ During December, Ocsoc withheld $$6,000$ from employee wages for CPP$,$ EL$,$ and taoues. The compary is required to remit the amount to the government on Jamuary $15,2021.$

c$.$ In $2019,$ Ocsoc obtained a $$96,000$ five year loan repayable at maturity.

d$.$ The company provides a one$-$year assurance$-$type warranty on its products and in December $2020$ estimated a warranty expense of $$21,000.$

e$.$ At the end of December, Ocsoc owed suppliers $$59,000$ for goods purchased during the last quarter of the year, which will be settled in the first quarter of $2021.$

Ocsoc has a $$48,000$ loan, of which $$4,800$ is scheduled to be repaid in $2021.$

During $2020,$ Ocsoc eceeded its cash balance by $$4,800$ and the bank automatically activated a line of credit to cover the shortage.