Harrys Corporation had the following balances at December 31, Year 2: Property, plant, and equipment $1,004,000 Goodwill $169,600 Interest payable 4,800 Common stock 4,000 Line of credit, due on demand 96,000 Prepaid Insurance 19,200 Customer list 28,000 Accounts payable 40,000 Additional paid-in capital 436,000 Retained earnings December 31, Year 1328,000 Salaries payable 9,600 Accumulated depreciation 116,000 Cash and cash equivalents 68,000 Accounts receivable, net 96,000 Pension liability 52,000 Accumulated other comprehensive loss 4,000 Inventory 348,800 Note payable, due in annual installments of $20,000 Land held for future expansion 108,800 plus interest on December 31540,000 Net income for Year 2 totaled $260,000 . The company declared dividends of $40,000 on December 15, Year 1. How much did Harrys Corporation report as Current liabilities and Long-term liabilities, respectively, in its classified Year 2 Balance sheet? Select one: a. $202,400; $540,000 b. $150,400; $592,000 c. $170,400; $572,000 d. $54,400; $612,000 e. $222,400; $520,000

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