You explain to Alex that the second part of the balance sheet lists his liabilities -amounts that the restaurant owes to other parties. After some digging Alex puts together a list of what he owes.

Alex's Ristorante Balance Sheet
Liability Amount
Accounts payable $14.344
Sales and liquor tax payable $8.200
Mortgage on building $55,300
Payroll taxes payable $15,600
Note payable (due in November) $27,500

You look over the list and tell Alex, "Now we're going to separate these liabilities into two categories -- current liabilities, which need to be paid within a year, and long-term liabilities."
Categorize the liabilities listed in the liabilities section of Alex's Ristorante's balance sheet to correct category.