Brewer Company Has the Following Selected Accounts After Posting Adjusting

Brewer Company has the following selected accounts after posting adjusting entries:
$\begin{array}{lr}\text { Accounts Payable } & \$ 55,000 \\\text { Notes Payable, 3-month } & 90,000 \\\text { Accumulated Depreciation-Equipment } & 14,000 \\\text { Notes Payable, 5-year, 8\% } & 75,000 \\\text { Payroll Taxes Expense } & 6,000 \\\text { Interest Payable } & 5,000 \\\text { Mortgage Payable } & 180,000 \\\text { Sales Taxes Payable } & 23,000\end{array}$

Instructions
(a) Prepare the current liability section of Brewer Company's balance sheet, assuming $12,000 of the mortgage is payable next year.
(b) Comment on Brewer's liquidity, assuming total current assets are $450,000.