Response to the following problem:
Toto Company reports the following on its year-end balance sheet:
Long-term bonds payable, $4,500;
Unamortized bond discount, $600;
Accrued pension cost, $9,000;
Mortgage payable, $5,000; and Fund to retire long-term bonds payable, $8,500.
Prepare the long-term liabilities section of Toto Company's year-end balance sheet.