At December 31, 2018 , Salish Hardware owes $ 4 comma 800 on accounts payable, plus salaries payable of $ 5 comma 300 and income tax payable of $ 6 comma 100. Salish Hardware also has $ 320 comma 000 of notes payable that require payment of a $ 26 comma 000 installment in 2019 and the remainder in later years. The notes payable also require an interest payment of $ 8 comma 600 on January 1, 2019. Report Salish Hardware's liabilities on its December 31, 2018 , classified balance sheet.