Exercise 10-4 Financial statement presentation-current liabilities LO1 CHECK FIGURE: Total current liabilities = $155,700 The following alphabetized list of selected adjusted account balances is from the records of Jasper Company on December 31, 2020: Accounts Payable. $ 71,000 Accumulated Depreciation-Equipment.. 46,000 Estimated Warranty Liability.. 16,500 GST Payable.. 9,800 Mortgage Payable, $35,000 due Dec. 31, 2021. 370,000 Notes Payable, due April 1, 2021.. 15,800 Notes Payable, due April 1, 2024. 114,000 PST Payable. 7,600 Warranty Expense. 11,200 Required Prepare the current liability section of Jasper Company's 2020 balance sheet (for simplicity, list the accounts from largest to smallest). Analysis Component: Why is it important to classify assets and liabilities in current and non-current categories