Question: Presented below are long-term liability items for Ivanhoe Company at December 31, 2020. Bonds payable, due 2022 $625,000Lease liability 80,000Notes payable, due 2025 90,000Discount on

Presented below are long-term liability items for Ivanhoe Company at December 31, 2020.

Bonds payable, due 2022

$625,000Lease liability

80,000Notes payable, due 2025

90,000Discount on bonds payable

34,375

Prepare the long-term liabilities section of the balance sheet for Ivanhoe Company.

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