Refer to the following list of liability balances at December 31, 2017.
Accounts Payable $20,000
Employee Health Insurance Payable $1150.00
Employee Income Tax Payable $900.00
Estimated Warranty Payable (Due 2019) $1500.00
Long - Term Notes Payable (Due 2021) $40,000
FICA-OASDI Taxes Payable $760.00
Sales Tax Payable $1070.00
Notes Payable $9000.00
Bonds Payable (Due 2024) $60,000.00
Current Portion of Long - Term Notes Payable $9500.00
What is the total amount of long-term liabilities?
(a) $49,000
(b) $109,000
(c) $100,000
(d) $40,000
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