Trinidad Industries Inc. has the following selected accounts at December 31, 2017:
GST Payable (net of ITC)........................................................... $ 17,000
Bonds payable............................................................................. 300,000
Equipment................................................................................... 120,000
Current portion of bonds payable................................................. 40,000
Notes payable, long-term............................................................ 100,000
Interest payable (due March 1, 2018).......................................... 10,000
Accounts payable.......................................................................... 44,000
Discount on bonds payable (all long-term)................................... 10,000
Accounts receivable...................................................................... 34,000
Prepare the liabilities section of Trinidad's balance sheet at December 31, 2017, to show how Trinidad would report these items. Report total current liabilities and total liabilities?