Exercise 3-18 (Part Level Submission) Novak Corp. has three notes payable outstanding on December 31, 2016, as follows: 1. A six-year, 696, $330,000 note payable issued on March 31, 2016. Novak Corp. is required to pay $55,000 plus interest on March 31 each year starting in 2017 2. A seven-month, 4%, $165,000 note payable issued on July 1, 2016, Interest and principal are payable at maturity. 3. A 30-month, 5%, $660,000 note payable issued on September 1, 2016, Novak Corp. is required to pay $22,000 plus interest on the first day of each month starting on October 1, 2016. All payments are up to date. (a) XYour answer is incorrect. Try again. Calculate the current portion of each note payable. Current Portion Note 1 69,850 Note 2 2,850 Note 3 55,000 LINK TO TEXT Attempts: 2 of 3 used SAVE FOR LATER SUB MIT