Question is below

3. Trumpy Company has the following selected accounts after posting adjusting entries: Accounts Payable $ 40,000 Notes Payable, 3-month 90,000 Accumulated Amortization-Equipment 14,000 Salary, Wages, and Benefits Payable 22,000 Notes Payable, 5-year, 8% 30,000 Warranty Liability 34,000 Employee Benefits Expense 6.000 Interest Payable 3,000 Mortgage Payable 150,000 HST Payable 16,000 Instructions a. Prepare the current liability section of Trumpy Company's balance sheet, assuming $25,000 of the mortgage is payable next year. (List liabilities in magnitude order, with largest first.) (8A) Trumpy Company Statement of Current Liabilities b. Comment on Trumpy's liquidity, assuming total current assets are $400,000. (2A)