Petunia, the accountant for Bargain Ltd., is currently preparing the December 31, 2024, statement of financial position, and she asked you to help her classify the following liabilities:
a. During 2024, Bargain borrowed $6,500 from its line of credit to cover a cash shortage. 

b. At the end of December, Bargain owed suppliers $150,000 for goods purchased during the last quarter of the year, which will be settled on March 31, 2025. 

c. In October 2020, Bargain 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 2024 estimated a warranty expense of $45,000. 

e. Bargain has a $25,000 loan, of which $2,000 is due to be repaid in 2025. 

f. During December, Bargain withheld $3,500 from employee wages for CPP, EI, and taxes. The company is required to remit the amount to the government on January 14, 2025. 

g. In the month of November, Bargain accepted $175,000 in deposits for goods to be delivered to customers by June 2025.

Required
Identify each of the liabilities as current or non-current. Provide your reasoning for each item.