BE11-13 Presented below are long-term liability items for Molini Company at December 31,

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BE11-13 Presented below are long-term liability items for Molini Company at December 31,

2008. Prepare the long-term liabilities section of the balance sheet for Molini Company.

Bonds payable, due 2010 $500,000

Lease liability 70,000

Notes payable, due 2013 80,000

Discount on bonds payable 45,000