Anderson Corporation's Trial Balance for December 31, the End of Its

Multiple Choice

Anderson Corporation's trial balance for December 31, the end of its fiscal year, included the following accounts: $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 47,000 \\\hline \text { Dividends Payable } & 10,000 \\\hline \text { Bond Payable, maturing in 9 years } & 54,000 \\\hline \text { Salaries Payable } & 10,000 \\\hline \text { Note Payable, due in 1 year } & 15,000 \\\hline \text { Note payable, due in 5 years } & 70,000 \\\hline\end{array}$$
The bond payable is a serial bond with equal amounts of principal maturing each year. The note payable due in 5 years has equal principal payments due each year.
The amount that should be classified as current liabilities on Anderson's December 31 balance sheet is ________.

A) $86,000
B) $96,000
C) $102,000
D) $150,000