Preparing the Long-Term Liabilities Section Prepare the long-term liabilities section of a classified balance sheet given the following normal account balances on December 31. Note: If a line is not required for an account, enter N/A for the account and enter a zero for the amou Account Bonds payable (due in 6 years) Note payable (due November 1, next year) Note payable (due December 31, in 5 years) Net pension liability (long-term) Income taxes payable Dec 31 $80,000 Long-Term Liabilities Section As of December 31 4,000 36,000 24,000 16,800