Question: Presented here are long-term liability items for Larkspur, Inc. at December 31, 2025. Bonds payable (due 2029) $650,000 Notes payable (due 2027) 81,000 Discount on

Presented here are long-term liability items for Larkspur, Inc. at December 31, 2025.

Bonds payable (due 2029)

$650,000

Notes payable (due 2027)

81,000

Discount on bonds payable

25,000

Prepare the long-term liabilities section of the balance sheet for Larkspur, Inc.

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