Question: Presented here are liability items for Teal Mountain Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026)

Presented here are liability items for Teal Mountain Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable

Presented here are liability items for Teal Mountain Inc. at December 31, 2022. Accounts payable Notes payable (due May 1, 2023) Bonds payable (due 2026) Unearned rent revenue Discount on bonds payable $204,100 FICA taxes payable $10,140 26,000 Interest payable 52,000 1,170,000 Notes payable (due 2024) 104,000 312,000 Income taxes payable 4,550 53,300 Sales taxes payable 2,210 Prepare the liabilities section of Teal Mountain's balance sheet. TEAL MOUNTAIN INC. Balance sheet (Partial) December 31, 2022

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