On July $1,2023,$ Sunland Ltd$.$ receivad a laan from its bank for $$16,000$ bearing intarest at $4\%.$ The loan is payable in two annual

inctalmants of $$9,493$ principal and intersest on June $30$ each year. The company records adjusting journal antrias annually at yaar and

on Decamber $31.$

Prepare an instalment payment schedule for the tarm of the loan. $($Round answers to $0$ decimal places, eg$.5,255.)$

eTextbook and Medla

Llst of Accounts

Record $(1)$ the raceipt of $$16,000$ cash from the laan on July $1,2023$; $(2)$ the accrual of interast on December $31,2023$; $(3)$ the

first instalment payment on June $30,2024$; and $(4)$ the accrual of interest on December $31,2024.($Round answers to $0$ decimal

places, eg$.5,275.$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

$+$ what amounts would Sunland report as current and non$-$current in the liabilities section of its statement of fiancial position on December $31,2023$

$+$ What amounts would Sunland report as current and non$-$current tin the liabilities section of its statement of financial position on December, $2024$