Bill lends joann? $1,000 for a year at a nominal interest rate of 77? %. if both bill and joann expect the inflation rate to be 22? % next? year, then the real rate of interest is

The mayflower, a seafood restaurant, had the following liabilities by the end of 2015: accounts payable $60,000 wages payable $100,000 unearned revenue $125,000 (60% will be earned in 2016) notes payable $140,000 ($45,000 payable in 2016) what is the amount that the mayflower should report as total current liability on its balance sheet as of december 31, 2015?