Laura, the accountant for Ocsoc Ltd., is currently preparing the December 31, 2020, statement of financial position, and she asked you to help her classify the following liabilities:

a. In the month of December, Ocsoc accepted $200,000 in deposits for goods to be delivered to customers by March 2021.

b. During December, Ocsoc withheld $6,000 from employee wages for CPP, EI, and taxes. The company is required to remit the amount to the government on January 15, 2021.

c. In 2019, Ocsoc obtained a $100,000 five-year loan repayable at maturity.

d. The company provides a one-year assurance-type warranty on its products and in December 2020 estimated a warranty expense of $25,000.

e. At the end of December, Ocsoc owed suppliers $50,000 for goods purchased during the last quarter f the year, which will be settled in the first quarter of 2021.

f. Ocsoc has a $50,000 loan, of which $5,000 is scheduled to be repaid in 2021.

g. During 2020, Ocsoc exceeded its cash balance by $5,000 and the bank automatically activated a line of credit to cover the shortage.

Required

Identify each of the liabilities as current or non-current. (Note that some liabilities may be classified partially as current and partially as non-current.) Provide your reasoning for each item.