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

Hill Inc. issued a five year, 7% installment loan payable, with blended principal and interest payments due annually. The following instalment payment schedule is partially completed. Interest period Issue date Cash Interest Reduction of Principle payment expense principal balance $50,000 $12,195 A $8,695 $41,305 B $2,891 $32,001 1 2 3 3 D E $9,955 F 4 G $1,543 H $11,394 5 5 1 $801 $11,394 Round to nearest dollar. D$ E $ F $ G$ $ H$ I $ J $ What is the current portion of the loan at the end of period 3? $ What is the non current portion of the loan at the end of period 3?$
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