Please refer to the following list of liability balances. Accounts payable $12,000 Employee income tax payable 190 Interest payable 1,300 Estimated warranty payable 2,600 Long-term notes payable 32,000 FICA tax payable 590 Sales tax payable 370 Long-term notes payable 4,000 Bond payable 50,000 Current portion of long-term notes payable 2,000 What is the total amount of long-term liabilities?
A) $88,000
B) $86,000
C) $84,000
D) $54,000
Ans: B) $86,000
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