Prepare the liabilities section of O’Brian’s balance sheet using the following information:Accounts

Prepare the liabilities section of O’Brian’s balance sheet using the following information:Accounts payable $157,000Notes payable (due May 1, 2018) $20,000Bonds payable (due 2021) $900,000Unearned rent revenue $240,000Discount on bonds payable $41,000FICA taxes payable $7,800Interest payable (due 2019) $80,000Income taxes payable $3,500Sales taxes payable $1,700

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