Problem 7. Prepare the liability section of the balance sheet based on the following balances taken from the adjusted trial balance of Sal Co. as of 12/31/17 NotesPavable, due 1/1/2020. Notes Payable, 5 year, due 1/15/2018 BondsPayable, due 7/1/2017 Notes Payable, equal annual installations payable on 3/1 for each of the next 5 $1,500,000 .$275,000 $50,000 The company issued $1,000,000 of stock to fund the notes payable due 1/15/2018 and the remainder was paid in cash