Kingery sales company has the following selected accounts after posting adjusting entries:
- accounts payable $62,000
- Notes Payable,3month 50,000
- Accumulated depreciation-equipment 14,000
- Notes Payable, 5 years, 6% 80,000
- Payroll tax expense 4,000
- Interest Payable 3,000
- Mortgage payable 120,000
- Sales tax Payable 38,000
Prepare the current liability section of Kingery Sales Company's balance sheet, assuming $20,000 of the mortgage is payable next year.