Optical Dispensary borrowed $330,000 on January 2, 2016, by issuing a 15% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2017. Complete the missing information. Assume the bonds are issued at face value.

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December 31 2016 2017 2018 Current Liabilities: Bonds Payable Interest Payable Long-term Liabilities: Bonds Payable