Mountain Gear Corporation Has the Following Selected Accounts After Posting

Mountain Gear Corporation has the following selected accounts after posting adjusting entries: $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 79,000 \\\hline \text { Notes Payable, 3-month } & 90,000 \\\hline \text { Accumulated Amortization-Equipment } & 14,000 \\\hline \text { Notes Payable, 5-year, 4\% } & 30,000 \\\hline \text { Employee Benefits Expense } & 6,000 \\\hline \text { Interest Payable } & 1,500 \\\hline \text { Mortgage Payable } & 250,000 \\\hline \text { Provincial Sales Tax Payable } & 39,500 \\\hline\end{array}$$ Required:
1. Prepare the current liability section of Mountain Gear Corporation's statement of ?nancial position, assuming $15,000 of the 5-year note is payable next year.
2. Comment on Mountain Gear's liquidity, assuming total current assets are $450 ,000.