Nouka Inc. issues a four$-$year, $4\%,$ $$800$ payable note in order to finance the acquisition of equipment. The note is issued on Jan $1,2020.$ The note has to be paid with $4$ equal installments on December $31$st of each year, starting in $2020.$

a$)$ Prepare the payment schedule using the fixed principal method. Round numbers to the nearest dollar. Enter debits accounts in the same order as they appear on the dropdown list.

Interest Period$$Cash Payment$$Interest Expense$$Reduction of Principal$$Principal Balance$$$$800$Dec $2020$Answer $1$ Question $4$Answer $2$ Question $4$Answer $3$ Question $4$Answer $4$ Question $4$Dec $2021$Answer $5$ Question $4$Answer $6$ Question $4$Answer $7$ Question $4$Answer $8$ Question $4$Dec $2022$Answer $9$ Question $4$Answer $10$ Question $4$Answer $11$ Question $4$Answer $12$ Question $4$Dec $2023$Answer $13$ Question $4$Answer $14$ Question $4$Answer $15$ Question $4$Answer $16$ Question $4$

b$)$ Record the payment done by Nouka on December $31,2020.$

Answer $17$ Question $4$CashInterest ReceivableNote PayableInterest PayableInterest RevenueInterest expense Answer $18$ Question $4$

Answer $19$ Question $4$CashInterest ReceivableNote PayableInterest PayableInterest RevenueInterest expense Answer $20$ Question $4$

$$ Answer $21$ Question $4$CashInterest ReceivableNote PayableInterest PayableInterest RevenueInterest expense Answer $22$ Question $4$

c$)$ What are the current and non$-$current portions of the note on December $31,2020$ financial statements $($after the payment$)?$

Current: Answer $23$ Question $4$

Non$-$current: Answer $24$ Question $4$ Nouka Inc. Issues a four$-$year, $\backslash (4\backslash \%,\backslash$$ $800\backslash )$ payable note in order to finance the acquisition of equipment. The note is issued on Jan $1,2020.$ The note has to be paid with $4$ equal installments on December $31$st of each year, starting in $2020.$

a$)$ Prepare the payment schedule using the fixed principal method. Round numbers to the nearest dollar. Enter debits accounts in the same order as they appear on the dropdown list.

b$)$ Record the payment done by Nouka on December $31,2020.$

c$)$ What are the current and non$-$current portions of the note on December $31,2020$ financial statements $($after the payment$)?$

Current:

Non$-$current: