Assad Inc. issued a five-year, 7% instalment note payable, with fixed principal payments plus interest, due annually. The following instalment payment schedule is partially completed:

(a) Fill in the missing amounts for items [1] through [10]. Round all amounts to the nearest dollar.
(b) What are the current and non-current portions of the note at the end of period 3?

Interest Perio Cash Payment Expense Princpal il Balance Issue date $13,500 12,800 [51 11,400 10,700 2,800 2,100 1,400 700 $50,000 40,000 14] [71 10,000 [10] 8]