Current Attempt in Progress

Presented below are long$-$term liability items for Crane Company at December $31,2022.$

Bonds payable, due $2024,$$$525,000$

Lease liability $,65,000$

Notes payable, due $2027,75,000$

Discount on bonds payable $,34,125$

Prepare the long$-$term liabilities section of the balance sheet for Crane Company. $($Enter account name only and do not provide descriptive

information.$)$

Crane Company

Balance Sheet $($Partial$)$