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The Following Balance Sheet Items from Fasoli, Inc -Read the Information About Fasoli, Inc

Question 201

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The following balance sheet items from Fasoli, Inc.are listed for December 31, 2016:  Accounts payable $32,650 Interest payable 2,200 Accounts receivable 26,500 Land 250,000 Accumulated depreciation-buil dings 40,000 Marketable securities 15,000 Merchandise inventory 112,900 Accumulated depreciation-equipment 12,500 Notes payable, due April 15,20176,500 Office supplies 200 Notes payable, due December 31,2020251,630 Paid-in capital in excess of par value 75,000 Buil dings 150,000 Patents 45,000 Capital stock, $1 par value 200,000 Prepaid rent 3,800 Cash 60,990 Retained earnings 113,510 Equipment 84,500 Sal aries payable 7,400 Income taxes payable 7,500\begin{array} { l r } \text { Accounts payable } & \$ 32,650 \\\text { Interest payable } & 2,200 \\\text { Accounts receivable } & 26,500 \\\text { Land } & 250,000 \\\text { Accumulated depreciation-buil dings } & 40,000 \\\text { Marketable securities } & 15,000 \\\text { Merchandise inventory } & 112,900 \\\text { Accumulated depreciation-equipment } & 12,500 \\\text { Notes payable, due April } 15,2017 & 6,500 \\\text { Office supplies } & 200 \\\text { Notes payable, due December } 31,2020 & 251,630 \\\text { Paid-in capital in excess of par value } & 75,000 \\\text { Buil dings } & 150,000 \\\text { Patents } & 45,000 \\\text { Capital stock, } \$ 1 \text { par value } & 200,000 \\\text { Prepaid rent } & 3,800 \\\text { Cash } & 60,990 \\\text { Retained earnings } & 113,510 \\\text { Equipment } & 84,500 \\\text { Sal aries payable } & 7,400 \\\text { Income taxes payable } & 7,500\end{array}
-Read the information about Fasoli, Inc.
Required:
Present the current liabilities section (including the total) of a classified balance sheet.

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