Hyatt Inc. issued a five-year, 7% instalment loan payable, with blended principal and interest payments due annually. The following instalment payment schedule is partially completed:

(a) Fill in the missing amounts for items [1] to [10]. Round all amounts to the nearest dollar. 

(b) What are the current and non-current portions of the loan at the end of period 3?

Transcribed Image Text:

Reduction of Interest Perlod Issue date Cash Payment Interest Expense Prin Prin al Balance $ 8,695 9,955 11,394 $50,000 41,305 32,001 [61 11,394 [10] $12,195 2,891 1,543 801