Question: Presented here are long-term liability items for Kingbird, Inc. at December 31, 2022. Bonds payable (due 2026) $650,000 Notes payable (due 2024) 86,000 Discount on
Presented here are long-term liability items for Kingbird, Inc. at December 31, 2022.
| Bonds payable (due 2026) | $650,000 | |
| Notes payable (due 2024) | 86,000 | |
| Discount on bonds payable | 29,000 |

Prepare the long-term liabilities section of the balance sheet for Kingbird, Inc. KINGBIRD, INC. Balance Sheet (Partial)
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