Kingery Sales Company has the following selected accounts after posting adjusting entries:

Kingery Sales Company has the following selected accounts after posting adjusting entries:Accounts Payable$ 42,000Notes Payable, 3-month50,000Accumulated Depreciation—Equipment14,000Notes Payable, 5-year, 6%80,000Payroll Tax Expense4,000Interest Payable3,000Mortgage Payable120,000Sales Tax Payable38,000InstructionsPrepare the current liability section of Kingery Sales Company's balance sheet, assuming $20,000 of the mortgage is payable next year.