As of December 1, year 2 a company obtained a $1,000,000 line of credit maturing in one year on which it has drawn $250,000, a $750,000 secured note due in five annual installments, and a $300,000 three-year balloon note. The company has no other liabilities. How should the company's debt be presented in its classified balance sheet on December 31, year 2 if no debt repayments were made in December

Chris and jenn made the following gifts this year: chris gave their son, evan, a car worth $4,000 owned as community property. chris also gave evan his stamp collection (separate property) valued at $60,000. chris gave his brother stephen $20,000 of chris’ separate property so stephen could purchase a new home. chris gave his sister heather $4,000 in cash from his and jenn’s joint checking account which consists only of community property. he also gave heather a piece of land he purchased before his marriage to jenn, valued at $49,000. assuming jenn did not want to split gifts, what is chris’ total taxable gifts after taking into consideration any available deductions or exclusions? $36,000. $91,000 $104,000 $133,000