On DVD From the The.com 2007 2017 2017 2017 On January 1st, 2015 "ABC" Company borrowed certain amount from a local bank for 10 years. According to the loan's terms, the company is obligated to pay an amount equal to $52041 every January 1st May 1st, and September 1st. The following table represents a loan amortization table that had been prepared for May 1st, and September 1st, 2015 payments: Date Payment Interest Reduction Balance 01/01/2015 $0 $0 SO $???? 01/05/2015 $52.041.00 $40.000.00 $???? $787,959.00 01/09/2015 $52.041.00 $???? $12.643.05 $???? Instructions Based on the above information answer the following questions: (2.00 Points) What is the amount that had been borrowed from the bank on January 1st 2015? (2.00 Points) What is the annual interest rate that had been charged by the bank? (Note: Write your answer as a decimal. For example use 0.07 and Not 7%) (2.00 Points) What is the amount that must be recorded as an interest expense for the year 2015? (2.00 Points) What is the loans balance as 31/12/2015? (2.00 Points) What is the loans balance as 31/12/2015 that must be presented as a non-current liability? On DVD From the The.com 2007 2017 2017 2017 On January 1st, 2015 "ABC" Company borrowed certain amount from a local bank for 10 years. According to the loan's terms, the company is obligated to pay an amount equal to $52041 every January 1st May 1st, and September 1st. The following table represents a loan amortization table that had been prepared for May 1st, and September 1st, 2015 payments: Date Payment Interest Reduction Balance 01/01/2015 $0 $0 SO $???? 01/05/2015 $52.041.00 $40.000.00 $???? $787,959.00 01/09/2015 $52.041.00 $???? $12.643.05 $???? Instructions Based on the above information answer the following questions: (2.00 Points) What is the amount that had been borrowed from the bank on January 1st 2015? (2.00 Points) What is the annual interest rate that had been charged by the bank? (Note: Write your answer as a decimal. For example use 0.07 and Not 7%) (2.00 Points) What is the amount that must be recorded as an interest expense for the year 2015? (2.00 Points) What is the loans balance as 31/12/2015? (2.00 Points) What is the loans balance as 31/12/2015 that must be presented as a non-current liability