Question: On January 1 , 2 0 2 5 , assume that Max Products issues a ten - year, 4 % , interest - bearing $

On January 1,2025, assume that Max Products issues a ten-year, 4%, interest-bearing $45,000 note, in which equal payments of $4,500 must be made each January 1 starting January 1,2026. Interest due on the note is paid annually. How much are its total current liabilities at December 31,2026?

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