Current Attempt in Progress The following are selected 2020 transactions of Skysong Corporation. Sept. Purchased inventory from Encino Company on account for $43,600. Skysong records purchases gross and uses a periodic 1 inventory system. Oct. Issued a $43,600,12-month, 8% note to Encino in payment of account. Oct. Borrowed $43,600 from the Shore Bank by signing a 12-month, zero-interest-bearing $48,600 note. Compute the total net liability to be reported on the December 31 balance sheet for: (1) The interest-bearing note $ (2) The zero-interest-bearing note \$ eTextbook and Media List of Accounts Attempts: 1 of 3 used