In the question, i am thinking you mean Larkspur, Inc.instead of Santana’s balance sheet as at January 31, 2020.
Answer: Please see explanation for answer
Explanation:
Larkspur, Inc. Balance Sheet at December 31, 2020
Current liabilities
Notes payable $3,555.0
Accounts payable $4,883.0
Current portion of mortgage payable $2,218.0
Warranty liability $1,417.3
Unearned rent revenue $ 1,324.0
Salaries and wages payable $ 642.0
Income taxes payable $265.2
Total current liabilities $14,304.5
Long-term liabilities
Mortgage payable $7,281.0
Bonds payable $2,943.0
Notes payable $436.0
Total long-term liabilities $10,660
Total liabilities= Current Liabilities + Long term Liabilities =$24,964.5
( $14,304.5 +$10,660)
