Presented here are liability items for Teal Mountain Inc. at December 31, 2020. Accounts payable $321,850 FICA taxes payable $15,990 Notes payable (due May 1, 2020) 41,000 Interest payable 82,000 Bonds payable (due 2023) 1,845,000 Notes payable (due 2021) 164,000 Unearned rent revenue 492,000 Income taxes payable 7,175 Discount on bonds payable 84,050 Sales taxes payable 3,485 Prepare the liabilities section of Teal Mountain's balance sheet.
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