Answer:
see below
Explanation:
Liabilities are recorded on the left-hand side of the balance sheet. They are classified as current and long term liabilities. Current liabilities are due within one year, and long term liabilities are payable in future financial periods
Liabilities
Current liabilities
Accounts payable
Short term loans $31.4
Total current liabilities $31.4
Long liabilities
Long term debts $9.2
Total long liabilities $9.2
Total liabilities $40.6
